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utility of attending school and the wage regression function are estimated flexibly. The null hypothesis that the local …
Persistent link: https://www.econbiz.de/10011411639
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
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We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10013320490
utility of attending school and the wage regression function are estimated flexibly. The null hypothesis that the local …
Persistent link: https://www.econbiz.de/10013320494
Persistent link: https://www.econbiz.de/10013424166
-population mostly affected by a counterfactual change in the utility of attending school is composed of individuals who have any … combination of some of the following attributes: absolute advantages in the labor market, high returns to experience, low utility …
Persistent link: https://www.econbiz.de/10011411668