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This paper discusses recent advances in our understanding of differences in human abilities and skills, their sources, and their evolution over the lifecycle.
Persistent link: https://www.econbiz.de/10005828876
This paper discusses evidence on human capital investment in China. Policies through the mid 1990s favor physical investment over schooling.
Persistent link: https://www.econbiz.de/10005828901
This paper estimates a dynamic model of schooling attainment to investigate the sources of discrepancy by race and ethnicity in college attendance. When the returns to college education rose, college enrollment of whites responded much more quickly than that of minorities. Parental income is a...
Persistent link: https://www.econbiz.de/10005829007
This paper compares the economic questions addressed by instrumental variables estimators with those addressed by structural approaches. We discuss Marschak's Maxim: estimators should be selected on the basis of their ability to answer well-posed economic problems with minimal assumptions. A key...
Persistent link: https://www.econbiz.de/10005829145
This paper considers the problem of policy evaluation in a modern society with heterogeneous agents and diverse groups with conflicting interests. Several different approaches to the policy evaluation problem are compared including the approach adopted in modern welfare economics, the classical...
Persistent link: https://www.econbiz.de/10005829181
This paper begins the synthesis of two currently unrelated literatures: the human capital approach to health economics and the economics of cognitive and noncognitive skill formation. A lifecycle investment framework is the foundation for understanding the origins of human inequality and for...
Persistent link: https://www.econbiz.de/10005829458
This paper examines an empirical regularity found in many societies: that family influences on the probability of transiting from one grade level to the next diminish at higher levels of education. We examine the statistical model used to establish the empirical regularity and the intuitive...
Persistent link: https://www.econbiz.de/10005829845
The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...
Persistent link: https://www.econbiz.de/10005829916
This paper considers the formulation and estimation of simultaneous equation models with both discrete and continuous endogenous variables. The statistical model proposed here is sufficiently rich to encompass the classical simultaneous equation model for continuous endogenous variables and more...
Persistent link: https://www.econbiz.de/10005830577
This paper assesses the contribution of federal antidiscrimination policy to the dramatic improvement of black economic status in manufacturing that occurred in South Carolina in the mid 1960's. Using a unique data source on wages and employment by race and sex in South Carolina we evaluate...
Persistent link: https://www.econbiz.de/10005830613