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This paper develops and estimates an overlapping generations general equilibrium model of labor earnings, skill formation and physical capital accumulation with heterogeneous human capital. The model analyzes both schooling choices and post-school on-the-job investment in skills in a framework...
Persistent link: https://www.econbiz.de/10012472434
Spain together with Scotland are two countries that exhibit the largest expansions in long term care (LTC) in the last … care, which is now partially subsidized by a caregiving subsidy as part of SAAD. Long-term care spending in Spain amounts …
Persistent link: https://www.econbiz.de/10014436956
The probability of selection into treatment plays an important role in matching and selection models. However, this probability can often not be consistently estimated, because of choice-based sampling designs with unknown sampling weights. This note establishes that the selection and matching...
Persistent link: https://www.econbiz.de/10012463470