the determinants of the least squares bias of the wage return to education. We find that disregarding individual fixed …

In this paper we develop a novel method to project location-specific life-cycle wages for all occupations listed in the … experience that is associated with each percentile of the education-level specific wage distribution. In the second step, we map … Statistics data for each occupation and area. Finally, we develop a model capable of projecting the trajectory of wages across …

model predicts two benchmark human capital gross returns and their corresponding wages, by levels of education. Below the … of wages on the workers' human capital intertemporal investment decisions and the existence of a virtuous dynamic cycle … between wages and human capital. Among the desired characteristics of the proposed model is that it has an analytical solution …

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

education, which lowers future wages, and the present value of foregone wages decreases with age. Consumption is hump shaped … affecting future wages. We show optimal consumption is hump shaped and determine the peak age. The hump results from consumption …