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Students' choices in education can only be based on expected outcomes. Econometric models that infer expectations based …
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This paper investigates relative earnings of individuals leaving tertiary education without a degree across 18 European countries employing survey data on adult workers. We find that, on average, university dropouts earn 8% more than those never enrolling into tertiary education, but 25% less...
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wage inequality due to differences in the mean and dispersion of wages between matched and mismatched workers. Chapter 4 … permanent component of earnings risk is compensated by higher wages while transitory risks are associated with a wage penalty … compensation in wages: Firstly, compensation for earnings risk is considerably higher for less risk averse workers. Secondly, the …
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This paper conducts a large-scale study on how students revise their educational expectations and change their post …
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educational choices for a sample of highschool students in Stockholm. We find average ex-ante returns to university to be 36 … students sort into education based on their comparative advantage. Nevertheless, our results suggest that an OLS estimator of …
Persistent link: https://www.econbiz.de/10013174856
This paper documents stylized facts on rates of returns to education during economic crises. It shows from three middle-income countries - Indonesia, Pakistan, and South Africa - that the rate of return to university education (versus secondary education) has increased during economic crises....
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