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In this paper we develop a full information maximum likelihood method for the estimation of a joint model for the choice of length of schooling and the corresponding earnings equation. The model for schooling is assumed to be an ordered probit model, whereas the earnings equation is allowed to...
Persistent link: https://www.econbiz.de/10004980924
We find that the Norwegian R&D tax credit scheme introduced in 2002 mainly works as intended. The scheme is cost-effective and it is used by a large number of firms. It stimulates these firms to invest more in R&D, and, in particular, the effect is positive for small firms with little R&D...
Persistent link: https://www.econbiz.de/10008751613
In this paper we develop a full information maximum likelihood method for the estimation of a joint model for the choice of length of schooling and the corresponding earnings equation. The model for schooling is assumed to be an ordered probit model, whereas the earnings equation is allowed to...
Persistent link: https://www.econbiz.de/10011968256
In this paper we develop likelihood based methods for statistical inference in a joint system of equations for the choice of length of schooling and earnings. The model for schooling choice is assumed to be an ordered probit model, whereas the earnings equation contains variables that are...
Persistent link: https://www.econbiz.de/10011968337
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There is massive cross-sectional evidence that children of more educated parents outperform their schoolmates on tests, grade repetition and in educational attainment. However, evidence for causal interpretation of this association is weak. Within a rich census level data set for Norway, we...
Persistent link: https://www.econbiz.de/10008519871
Survival rates are widely used to compare quality of health care. In this paper we introduce post-illness employment as a supplemental indicator of successful treatment of serious diseases. Utilizing rich register based data on cancer patients we document substantial differences across Norwegian...
Persistent link: https://www.econbiz.de/10008490774