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Persistent link: https://www.econbiz.de/10011628584
education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … to education by 0.005 percentage points. This implies that higher skilled employees are better sheltered from labour … regional unemployment can in addition almost fully explain the observed large differences in regional returns to education. We …
Persistent link: https://www.econbiz.de/10003328091
In this study, we try to connect the economic literature on human capital formation with findings from neurobiology and psychology on early childhood development and self-regulation. Our basic framework for assessing the distribution of agespecific returns to investment in skills is an...
Persistent link: https://www.econbiz.de/10003447754
The validity of family background variables instrumenting education in income regressions has been much criticized. In … violations of the strong validity assumption affect the estimation results. We show that, in case of moderate direct effects of … (perfect validity of the instrument). The size of the bias is in many cases smaller than the standard error of education …
Persistent link: https://www.econbiz.de/10011381026
This study analyzes the educational attainment and early labor market outcomes of young migrants from the Former Soviet Union (FSU) who arrived in Germany between 1989 and 1994. The results reveal that migrants have lower educational attainments than natives, and that within the group of...
Persistent link: https://www.econbiz.de/10009771160
Persistent link: https://www.econbiz.de/10011564842
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This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in … differentials. For some, there are substantial causal effects of education at all stages of schooling. …
Persistent link: https://www.econbiz.de/10011476582
This paper examines the 1997 additions to the Current Population Survey education question. These new questions allow … imputed "highest grade completed" is one-tenth grade greater and the estimated return to education .6 to 1 percentage points …
Persistent link: https://www.econbiz.de/10011411498
Empirical work on the wage impact of training has noted that unobserved heterogeneity of training participants should play a role. The expected return to training, which partly depends on unobservable characteristics, is likely to be a crucial criterion in the decision to take part in training...
Persistent link: https://www.econbiz.de/10003268906