Showing 1 - 10 of 357
Persistent link: https://www.econbiz.de/10010229651
Unlike labor income, human capital is inseparable from individuals and does not accrue to creditors at default. As a consequence, human capital investment should be more resilient to “debt overhang” than labor supply. We develop a dynamic model displaying this important difference. We find...
Persistent link: https://www.econbiz.de/10013492585
We estimate selection and sorting effects on the evolution of the private return to schooling for college graduates during China?s between 1988 and 2002. We pay special attention to the changing role of sorting by ability versus budget-constraint effects as China?s education policy has changed...
Persistent link: https://www.econbiz.de/10010262177
Although the self-selection of emigrants is determined by differences in the returns to education, according to the celebrated Roy model, empirical evidence suggests that migrants tend to be favorably selected. This paper argues that financial con- straints might be useful to explain this...
Persistent link: https://www.econbiz.de/10011807324
Persistent link: https://www.econbiz.de/10010511597
We study how a large household windfall affects sorting of relatively disadvantaged youth over high school tracks by exploiting the discontinuity in the assignment of a welfare program in Mexico. The in-cash transfer is found to significantly increase the probability of selecting vocational...
Persistent link: https://www.econbiz.de/10011607463
Persistent link: https://www.econbiz.de/10012216941
communism (1989), in mid-transition (1996) and in late/posttransition (2002). We show: dramatic increases in returns to … returns to education obtained during communism vs. transition; no change in wage-experience profiles over time; and similar … the planners did; all the adjustment occurred in early transition and was driven by market forces rather than private …
Persistent link: https://www.econbiz.de/10010262135
, employment and wages for Roma and non-Roma. LIML methods are employed to control for endogenous schooling and two sources of … extent of discrimination. The key results are that: the employment returns to education are lower for Roma than for non …
Persistent link: https://www.econbiz.de/10010269008
We explore the pace of increase in returns to schooling during the transition from planning to market over time across … a number of Central and Eastern European countries, Russia, and China. We use metadata from 33 studies of 10 transition …
Persistent link: https://www.econbiz.de/10010271753