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This paper develops a tractable, heterogeneous agents general equilibrium model where individuals have different endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of opportunities, inequality of outcomes, and efficiency in...
Persistent link: https://www.econbiz.de/10013318771
We construct a dynamic general equilibrium model with occupation mobility, human capital accumulation and endogenous assignment of workers to tasks to quantitatively assess the aggregate impact of automation and other task-biased technological innovations. We extend recent quantitative general...
Persistent link: https://www.econbiz.de/10011998090
Generous maternity leave, affordable daycare, extensive social safety nets, excellent universal health care, and high-quality public schools, are all notable features of Nordic countries. There is a widespread belief that such strong public investments in children contribute to a levelled...
Persistent link: https://www.econbiz.de/10014484538
accumulated occupation-specific work experience, general experience, and education are important to explain the gaps in wage and …
Persistent link: https://www.econbiz.de/10013323174
Formal education is widely thought to be a major determinant of individual earnings. This paper uses the American … Community Survey to examine the effect of formal schooling on worker wages. Given the potential endogeneity of education …
Persistent link: https://www.econbiz.de/10010434601
Benjamin W. Arold prepared this study while he was working at the Center for Economics of Education at the ifo … the classroom and beyond. Chapter 2 demonstrates that the abolishment of compulsory religious education in Germany does … children and participating in the labor market. Chapter 3 provides evidence that the content of science education standards in …
Persistent link: https://www.econbiz.de/10013342692
Recent studies have shown that trade liberalization increases skilled wage premiums in developing countries. This result suggests globalization may benefit elite skilled workers relatively more than poor unskilled workers, increasing inequality. This effect may be mitigated, however, if human...
Persistent link: https://www.econbiz.de/10012708527
to play an important role in explaining education and occupation choices over the lifecycle. Results show that … the heterogeneity in how people respond to educational policies. The estimated model is used to evaluate two education …
Persistent link: https://www.econbiz.de/10012202247
-productivity jobs. I estimate a structural model of endogenous education, employment and occupational choice to quantify this effect; I … heterogeneous ability. I decompose the effect of wealth on average lifetime earnings into education and unemployment channels, and … interventions: an education subsidy and unemployment insurance. I find that the former is most effective at increasing aggregate …
Persistent link: https://www.econbiz.de/10012253268
Wages grow but also become more unequal as workers age. Using German administrative data, we largely attribute both life-cycle facts to one driving force: some workers progress in hierarchy to jobs with more responsibility, complexity, and independence. In short, they climb the career ladder....
Persistent link: https://www.econbiz.de/10011902849