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Subjective discount rates, intergenerational transfers and the return to schooling
Belzil, Christian; Hansen, Jörgen - 1999
into a 1% productivity (wage) growth. …
Persistent link: https://www.econbiz.de/10011313951
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Earnings dispersion, risk aversion and eduation
Belzil, Christian; Hansen, Jörgen - 2002
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10011411833
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Household characteristics, ability and education : evidence from a dynamic expected utility model
Belzil, Christian; Hansen, Jörgen - 1999
We estimate a Dynamic Programming model of the decision between continuing schooling or entering the labor market using a panel from the National Longitudinal Survey (NLSY). The model, set in an expected utility framework (with a power utility function), fits data on both schooling attainments...
Persistent link: https://www.econbiz.de/10011295416
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Heterogeneous returns to human capital and dynamic self-selection
Belzil, Christian; Hansen, Jörgen - 2001
We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience. Homogeneity of the returns to human capital is strongly rejected in favor of a discrete...
Persistent link: https://www.econbiz.de/10011401014
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Unobserved ability and the return to schooling
Belzil, Christian; Hansen, Jörgen - 2002
We estimate a structural dynamic programming model of schooling decisions with unobserved heterogeneity in school ability and market ability on a sample taken from the National Longitudinal Survey of Youth (NLSY). Both the instantaneous utility of attending school and the wage regression...
Persistent link: https://www.econbiz.de/10011411639
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A structural analysis of the correlated random coefficient wage regression model
Belzil, Christian; Hansen, Jörgen - 2002
We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set in a random coefficient framework. The model allows for absolute and comparative advantages in the labor market and assumes that the population is composed of 8 unknown...
Persistent link: https://www.econbiz.de/10011411668
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Country of Origin, Earnings Convergence, and Human Capital Investment : A New Method for the Analysis of U.S. Immigrant Economic Assimilation
Duleep, Harriet Orcutt; Liu, Xingfei; Regets, Mark C. - 2021
relationship between initial earnings and earnings growth rates: the good fit between data and theory suggests that variation in … growth of post-1965 U.S. immigrants. When both functional-form and sample-selection constraints are lifted, a dramatically …
Persistent link: https://www.econbiz.de/10013244052
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How the earnings growth of U.S. immigrants was underestimated
Duleep, Harriet Orcutt; Liu, Xingfei; Regets, Mark C. - 2021
immigrant men following the 1965 Immigration and Nationality Act have low initial earnings and high earnings growth. Another … asserts that post-1965 immigrants have low initial earnings and low earnings growth. We describe the methodological issues … that create this divide and show that low earnings growth becomes high earnings growth when immigrants are followed from …
Persistent link: https://www.econbiz.de/10012500969
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Country of origin, earnings convergence, and human capital investment : a new method for the analysis of U.S. immigrant economic assimilation
Duleep, Harriet Orcutt; Liu, Xingfei; Regets, Mark C. - 2018
inverse relationship between initial earnings and earnings growth rates: the good fit between data and theory suggests that … earnings growth of post-1965 U.S. immigrants. When both functional-form and sample-selection constraints are lifted, a …
Persistent link: https://www.econbiz.de/10012130585
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The Race Between Education, Technology, and the Minimum Wage
Vogel, Jonathan - National Bureau of Economic Research - 2023
What is the impact of the minimum wage on the college wage premium? I show that job-ladder models imply that the effect should be small on impact---raising only the wages of workers bound by the minimum wage---and grow over time as workers slowly move up the job ladder. Guided by my theory, I...
Persistent link: https://www.econbiz.de/10014247949