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How valuable is education for entrepreneurs’ performance as compared to employees’? What might explain any differences? And does education affect peoples’ occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that...
Persistent link: https://www.econbiz.de/10010325994
How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences? And does education affect peoples' occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that education...
Persistent link: https://www.econbiz.de/10010277025
following arrival, wages of highly skilled immigrants grow at 8% a year. Rising prices of skills, occupational transitions …, accumulated experience in Israel and economy-wide rise in wages account for 3.4, 1.1, 1.5 and 1.4 percent each. In the long run …, the average wages of immigrants approach but do not converge to the wages of comparable natives. The main reason for that …
Persistent link: https://www.econbiz.de/10010262081
The standard human-capital model is based on the assumption that the observed wage of an individual is equal to the monetary value of the individual net human-capital productivity, the so-called net potential wage. We argue that this assumption is rejected by the ECHP data for Belgium, Denmark...
Persistent link: https://www.econbiz.de/10010271292
In this paper we estimate the effect of education on lifetime earnings in Europe, by distinguishing between individuals …
Persistent link: https://www.econbiz.de/10010282568
Estimates of the effect of education on GDP (the social return) have been hard to reconcile with micro evidence on the private return to schooling. We present a simple explanation combining two ideas: imperfect substitution and endogenous skill-biased technological progress and use cross-country...
Persistent link: https://www.econbiz.de/10010324788
graduation. Our data show that female students outperform male students in academia but are overcome in the labour market … gender gap evident in degree scores is endogenously due to the greater effort exerted by female students. The rationale for … graduates. In other words, we reconciliate the previous empirical evidence by suggesting and verifying that female students on …
Persistent link: https://www.econbiz.de/10010326103
We evaluate the effect of technology, demographics and policy on the differential evolution of the skill premium and on the rise in education investment in France and the USA. We use a computable general equilibrium model with overlapping generations of individuals, and endogenous education...
Persistent link: https://www.econbiz.de/10010261573
Persistent link: https://www.econbiz.de/10010334703
This paper estimates the health returns to education, using data on identical twins. I adopt a twin-differences strategy in order to obtain estimates that are not biased by unobserved family background and genetic traits that may affect both education and health. I further investigate to what...
Persistent link: https://www.econbiz.de/10010325854