Showing 1 - 10 of 2,087
process in which unmeasured variables jointly affect initial conditions and subsequent growth. …
Persistent link: https://www.econbiz.de/10010434496
We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...
Persistent link: https://www.econbiz.de/10011411639
This paper investigates the sources of wage growth over the life cycle, where individuals have the possibility to … acquire vocational training at the start of their career. Wage growth is determined by sectoral and firm mobility, unobserved … key driver of early wage growth while CA skills become important later on. Moreover, job amenities are an important …
Persistent link: https://www.econbiz.de/10013170247
This paper contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...
Persistent link: https://www.econbiz.de/10012779183
process in which unmeasured variables jointly affect initial conditions and subsequent growth …
Persistent link: https://www.econbiz.de/10013043685
relationship between initial earnings and earnings growth rates: the good fit between data and theory suggests that variation in … growth of post-1965 U.S. immigrants. When both functional-form and sample-selection constraints are lifted, a dramatically …
Persistent link: https://www.econbiz.de/10013244052
We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...
Persistent link: https://www.econbiz.de/10013320494
We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience. Homogeneity of the returns to human capital is strongly rejected in favor of a discrete...
Persistent link: https://www.econbiz.de/10013321010
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
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