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working while enrolled, resulting in a 14 percentage points increase in students working during the academic year. The reform … - reduces debt and lowers academic capital accumulation as students finance more of the college cost by working and less by …
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schooling utility and wages. Our framework accounts for heterogeneity in college types and majors, as well as occupational … search frictions and work hours. Individuals learn from grades and wages in a correlated manner, and may change their choices … would increase further by 2 percentage points in the absence of search frictions. Providing students with full information …
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lower wages. Labor market power across countries exhibits a mild non-linear relationship with GDP per capita, entirely …
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This paper analyzes the non-market benefits of education and ability. Using a dynamic model of educational choice we estimate returns to education that account for selection bias and sorting on gains. We investigate a range of non-market outcomes including incarceration, mental health, voter...
Persistent link: https://www.econbiz.de/10011734499
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...
Persistent link: https://www.econbiz.de/10010418037