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Risk Aversion and Schooling Decisions
Belzil, Christian - 2011
We develop a non-rational expectation econometric model of sequential schooling decisions. Using unique Italian panel data in which individual differences in attitudes toward risk are measurable (with error), we investigate the effect of risk aversion on the probability of entering higher...
Persistent link: https://www.econbiz.de/10012714372
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Risk Aversion and Schooling Decisions
Belzil, Christian; Leonardi, Marco - 2021
We develop a non-rational expectation econometric model of sequential schooling decisions. Using unique Italian panel data in which individual differences in attitudes toward risk are measurable (with error), we investigate the effect of risk aversion on the probability of entering higher...
Persistent link: https://www.econbiz.de/10013316852
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Unobserved ability and the return to schooling
Belzil, Christian; Hansen, Jörgen - 2002
We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school … utility of attending school and the wage regression function are estimated flexibly. The null hypothesis that the local …
Persistent link: https://www.econbiz.de/10011411639
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A structural analysis of the correlated random coefficient wage regression model
Belzil, Christian; Hansen, Jörgen - 2002
-population mostly affected by a counterfactual change in the utility of attending school is composed of individuals who have any … of attending school and relatively low returns to schooling. Unlike what is often postulated in the average treatment …
Persistent link: https://www.econbiz.de/10011411668
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Earnings dispersion, risk aversion and eduation
Belzil, Christian; Hansen, Jörgen - 2002
from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but …
Persistent link: https://www.econbiz.de/10011411833
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Reconciling changes in wage inequality with changes in college selectivity using a behavioral model
Belzil, Christian; Hansen, Jörgen - 2020
We estimate a structural dynamic Roy model of education, labor supply and earnings on the 1979 and 1997 cohorts of males taken from the National Longitudinal Survey of Youth (NLSY) and evaluate to what extent changes in education and labor supply decisions across cohorts have been explained by...
Persistent link: https://www.econbiz.de/10012237798
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The evolution of the US family income-schooling relationship and educational selectivity
Belzil, Christian; Hansen, Jörgen - 2020
We estimate a dynamic model of schooling on two cohorts of the NLSY and find that, contrary to conventional wisdom, the effects of real (as opposed to relative) family income on education have practically vanished between the early 1980's and the early 2000's. After conditioning on a cognitive...
Persistent link: https://www.econbiz.de/10012227223
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The evolution of the US family income-schooling relationship and educational selectivity
Belzil, Christian; Hansen, Jörgen - 2020
Persistent link: https://www.econbiz.de/10012228565
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Reconciling changes in wage inequality with changes in college selectivity using a behavioral model
Belzil, Christian; Hansen, Jörgen - 2020
Persistent link: https://www.econbiz.de/10012228571
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Estimating a model of qualitative and quantitative education choices in France
Belzil, Christian; Poinas, François - 2018
) and a general track at both high school and university levels using French panel data (Génération 98). The average per …-period utility of attending general high school (about 10,000 euros per year) is 20% higher than that of professional high school … time, professional high school graduates would earn 5% to 6% more than general high school graduates if they both entered …
Persistent link: https://www.econbiz.de/10011820970