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Endogenous Technological Change with Leisure-Dependent Utility

de Hek, Paul A. - 1999

This paper investigates the effect of introducing leisure-dependent utility into two models of endogenous technological …

Persistent link: https://www.econbiz.de/10014179634

Unobserved ability and the return to schooling

Belzil, Christian; Hansen, Jörgen - 2002

utility of attending school and the wage regression function are estimated flexibly. The null hypothesis that the local …

Persistent link: https://www.econbiz.de/10011411639

A structural analysis of the correlated random coefficient wage regression model

Belzil, Christian; Hansen, Jörgen - 2002

-population mostly affected by a counterfactual change in the utility of attending school is composed of individuals who have any … combination of some of the following attributes: absolute advantages in the labor market, high returns to experience, low utility …

Persistent link: https://www.econbiz.de/10011411668

Earnings dispersion, risk aversion and eduation

Belzil, Christian; Hansen, Jörgen - 2002

experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk … aversion (0.9282) and the estimates indicate that both wage and employment rate dispersions decrease significantly with …

Persistent link: https://www.econbiz.de/10011411833

A structural analysis of the correlated random coefficient wage regression model with an application to the ols-iv puzzle

Belzil, Christian (contributor); Hansen, Jörgen (contributor) - 2005

We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set within a correlated random coefficient model and we use the structural estimates to perform counterfactual experiments. We show that the estimates of the dynamic...