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forecastable at the time students decide to go to college (heterogeneity) and components that are unforecastable. About 60% of …
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We formulate an empirical model of promotion with dynamic self-selection where the current promotion probability depends on the hierarchical level in the firm, individual human capital, unobserved (to the econometrician) individual specific attributes, time varying firm specific variables (firm...
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heterogeneity. In conclusion, we show that the expectation formation process is not the same among all economists polled. Our …
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-12 percent. It emerges that much of the latter disparity stems from unobserved worker heterogeneity (accounting for which … deficit in atypical worker health benefits is again reduced after accounting for permanent unobserved individual heterogeneity …
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