Showing 181 - 190 of 197
This paper investigates the wage returns to schooling and actual early work experiences, and how these returns have changed over the past twenty years. Using the NLSY surveys, we develop and estimate a dynamic model of the joint schooling and work decisions that young men make in early...
Persistent link: https://www.econbiz.de/10012931222
This paper investigates the role played by informational frictions in college and the workplace. We estimate a dynamic structural model of schooling and work decisions, where individuals have imperfect information about their schooling ability and labor market productivity. We take into account...
Persistent link: https://www.econbiz.de/10012989133
Persistent link: https://www.econbiz.de/10015191529
Persistent link: https://www.econbiz.de/10015359406
This paper applies some of the key insights of dynamic discrete choice models to continuous-time job search models. We propose a novel framework that incorporates preference shocks into search models, resulting in a tight connection between value functions and conditional choice probabilities....
Persistent link: https://www.econbiz.de/10013462703
Does population aging fuel or hinder support for long-term public investments? Existing theories associate seniors with shorter time horizons but a higher inclination towards borrowing, yielding contradictory predictions of their support for debt-funded investments. I study the effect of aging...
Persistent link: https://www.econbiz.de/10014263616
Persistent link: https://www.econbiz.de/10014315477
We study the informational content of factor structures in discrete triangular systems. Factor structures have been employed in a variety of settings in cross sectional and panel data models, and in this paper we formally quantify their identifying power in a bivariate system often employed in...
Persistent link: https://www.econbiz.de/10013251549
We consider the identification of and inference on a partially linear model, when the outcome of interest and some of the covariates are observed in two different datasets that cannot be linked. This type of data combination problem arises very frequently in empirical microeconomics. Using...
Persistent link: https://www.econbiz.de/10013186712
We consider the identification of and inference on a partially linear model, when the outcome of interest and some of the covariates are observed in two different datasets that cannot be linked. This type of data combination problem arises very frequently in empirical microeconomics. Using...
Persistent link: https://www.econbiz.de/10013191048