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Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...
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-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …
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ability, household background variables (especially parents' education) account for 68% of the explained crosssectional … explained variation in wages is accounted for by parents' background variables as opposed to 73% by unobserved abilities …
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-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …
Persistent link: https://www.econbiz.de/10014211036
-Generation Immigrants whose parents are born in Africa and French-natives. We find that schooling attainments explain around two thirds of …
Persistent link: https://www.econbiz.de/10013324740
Longitudinal Survey of Youths which we follow from 16 to 28. We discuss the evolution of family income and ability effects where … component correlated with family income and background variables. We find that the individual cognitive-technical ability … differential prevailing at 16 was increasing with income in the early 80's but much less so in the early 2000's. We find no …
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