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How valuable is education for entrepreneurs’ performance as compared to employees’?What might explain any differences …? And does education affect peoples’ occupationalchoices accordingly? We answer these questions based on a large panel of US … labor forceparticipants. We show that education affects peoples’ decisions to become an entrepreneurnegatively. We show …
Persistent link: https://www.econbiz.de/10009360612
Since 1973 median compensation in the United States has diverged starkly from average labor productivity. Since 2000, average compensation has also begun to diverge from labor productivity. These divergences lead to the question: Holding all else equal, to what extent does productivity growth...
Persistent link: https://www.econbiz.de/10012917201
This paper provides evidence on the nature of returns to education in Ghana and confirms the emerging empirical … literature on the convexity of returns to education in Ghana. Using a basic Mincerian, model we find that returns to education … results point to the importance of higher education in productivity. Nonetheless educational policies should not only be …
Persistent link: https://www.econbiz.de/10010337617
A meta-analysis is used to study the average wage effects of on-the-job training. This study shows that the average reported wage effect of on-the-job training, corrected for publication bias, is 2.6 per cent per course. The analyses reveal a substantial heterogeneity between training courses,...
Persistent link: https://www.econbiz.de/10013118540
use both education and past job displacement as a signal of a worker's unobservable ability. As a result, educated workers …
Persistent link: https://www.econbiz.de/10012955095
In a recent and widely cited paper, Ashenfelter and Krueger (1994) use a new sample of identical twins to test whether schooling represents an investment in human capital or is merely a proxy for genetic ability. I re-examine Ashenfelter and Krueger's estimates using three additional years of...
Persistent link: https://www.econbiz.de/10014068923
Education, child nutrition, adult health/nutrition, and labor mobility are critical factors in achieving recent … forms of human capital are similar within each country for men and women, but education and migration returns are higher in …
Persistent link: https://www.econbiz.de/10014075556
This chapter analyzes the international evidence on the relationship between educational wage premia and the distribution of personal labor earnings. The aim is to review what is known about the contribution of differences in relative wages across schooling levels to the degree of variability,...
Persistent link: https://www.econbiz.de/10014023738
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
This chapter discusses the large literature and numerous issues regarding education-related differences in income in …, empirical analyses concentrated directly on education-related differences in earnings. The human capital revolution of the late … 1950s/early 1960s greatly expanded the research on education and income and shifted the focus to wages. The human capital …
Persistent link: https://www.econbiz.de/10014023737