Showing 1 - 6 of 6
1970 and 1975. Using the Quarterly Labour Force Survey, we find that the expansion caused men to increase education by … about a year on average and gain about 8% higher wages; women obtained a slightly greater increase in education and a … obtain instrumental variables estimates of returns to schooling of about 6% for both men and women. -- return to education …
Persistent link: https://www.econbiz.de/10009731763
In recent years there has been a plethora of empirical papers by economists concerning the effects of academic rank in school or college on subsequent outcomes of students. We review this recent literature, describing the difficult identification and measurement issues, the assumptions and...
Persistent link: https://www.econbiz.de/10013040930
There are two well-established gender gaps in education. First, females tend to have higher educational attainment and …
Persistent link: https://www.econbiz.de/10012437075
The booms and busts in U.S. stock prices over the post-war period can to a large extent be explained by fluctuations in investors' subjective capital gains expectations. Survey measures of these expectations display excessive optimism at market peaks and excessive pessimism at market throughs....
Persistent link: https://www.econbiz.de/10011490485
Much evidence suggests that having more education leads to higher earnings in the labor market. However, there is … little evidence about whether having more education causes employees to experience lower earnings volatility or shelters them … evidence that education affects earnings volatility of older men. …
Persistent link: https://www.econbiz.de/10011736944
We study a standard consumption based asset pricing model with rational investors who entertain subjective prior beliefs about price behavior. Optimal behavior then dictates that investors learn about price behavior from past price observations. We show that this imparts momentum and mean...
Persistent link: https://www.econbiz.de/10011489917