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We estimate a Dynamic Programming model of the decision between continuing schooling or entering the labor market using a panel from the National Longitudinal Survey (NLSY). The model, set in an expected utility framework (with a power utility function), fits data on both schooling attainments...
Persistent link: https://www.econbiz.de/10011295416
into a 1% productivity (wage) growth. …
Persistent link: https://www.econbiz.de/10011313951
into a 1% productivity (wage) growth. …
Persistent link: https://www.econbiz.de/10001436066
We estimate a Dynamic Programming model of the decision between continuing schooling or entering the labor market using a panel from the National Longitudinal Survey (NLSY). The model, set in an expected utility framework (with a power utility function), fits data on both schooling attainments...
Persistent link: https://www.econbiz.de/10001370890
(wage) growth …
Persistent link: https://www.econbiz.de/10014179293
process in which unmeasured variables jointly affect initial conditions and subsequent growth. …
Persistent link: https://www.econbiz.de/10010434496
inverse relationship between initial earnings and earnings growth rates: the good fit between data and theory suggests that … earnings growth of post-1965 U.S. immigrants. When both functional-form and sample-selection constraints are lifted, a …
Persistent link: https://www.econbiz.de/10012130585
immigrant men following the 1965 Immigration and Nationality Act have low initial earnings and high earnings growth. Another … asserts that post-1965 immigrants have low initial earnings and low earnings growth. We describe the methodological issues … that create this divide and show that low earnings growth becomes high earnings growth when immigrants are followed from …
Persistent link: https://www.econbiz.de/10012500969
process in which unmeasured variables jointly affect initial conditions and subsequent growth …
Persistent link: https://www.econbiz.de/10013043685