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for selection bias and sorting on gains. We find that training participation increases yearly earnings and reduces the …This paper presents the first longitudinal estimates of the effect of work-related training on labor market outcomes in … risk of unemployment two years after the treatment. However, the effects are heterogeneous as to gender, age, education …
Persistent link: https://www.econbiz.de/10013413337
for selection bias and sorting on gains. We find that training participation increases yearly earnings and reduces the …This paper presents the first longitudinal estimates of the effect of work-related training on labor market outcomes in … risk of unemployment two years after the treatment. However, the effects are heterogeneous as to gender, age, education …
Persistent link: https://www.econbiz.de/10013414731
Assuming a two-period model with endogenous choices of labour, education, and saving, efficient education policy is characterized for a Ramsey-like scenario in which the government is constrained to use linear instruments. It is shown that education should be effectively subsidized if, and only...
Persistent link: https://www.econbiz.de/10003940093
The research on earnings determination is based on the Mincer-Becker assumption that individuals decide on schooling by …
Persistent link: https://www.econbiz.de/10010518790
This paper studies a model where student effort and talent interact with parental and teachers' investments, as well as with school system resources. The model is rich, yet sufficiently stylized to provide novel implications. It can show, for example, that an improvement in parental outside...
Persistent link: https://www.econbiz.de/10011521209
Assuming a two-period model with endogenous choices of labour, education, and saving, efficient education policy is characterized for a Ramsey-like scenario in which the government is constrained to use linear instruments. It is shown that education should be effectively subsidized if, and only...
Persistent link: https://www.econbiz.de/10013316238
This paper surveys the theoretical approaches used in the literature to study the phenomenon of delayed graduation and university dropout. The classical human capital model does not contemplate failure, which the amended human capital model does. Delayed graduation and university dropout are two...
Persistent link: https://www.econbiz.de/10012110312
This paper surveys the theoretical approaches used in the literature to study the phenomenon of delayed graduation and university dropout. The classical human capital model does not contemplate failure, which the amended human capital model does. Delayed graduation and university dropout are two...
Persistent link: https://www.econbiz.de/10012149211
The belief that both the behavior and outcomes of students are affected by their peers is important in shaping education policy. I analyze two polar education systems -tracking and mixing- and propose several criteria for their comparison. I find that tracking is the system that maximizes...
Persistent link: https://www.econbiz.de/10009355601
This paper studies a Ramsey optimal taxation model with human capital in an infinite-horizon setting. Contrary to Jones, Manuelli, and Rossi (1997), the human capital production function does not include the current stock of human capital as a production factor. As a result, the return to human...
Persistent link: https://www.econbiz.de/10008933290