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We combine two empirical observations in a general equilibrium occupational choice model. The first is that entrepreneurs have more control than employees over the employment of and accruals from assets, such as human capital. The second observation is that entrepreneurs enjoy higher returns to...
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increased from 0.19 to 0.30 beginning the college market deregulation. These estimation consider a twofold effect of …
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We evaluate a temporary public sector employment program targeted at individuals with weak labor market attachment, applying dynamic inverse probability weighting to account for dynamic selection. We show that the program is successful in increasing employment and reducing social assistance....
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We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the … schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic … nature affect mobility and the transmission of income inequality across generations, thus complementing the vast empirical …
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, increasing average years of schooling and reducing inequality of schooling. When dynamic panel estimation techniques are used to … between inequality of schooling and income inequality, especially in emerging and developing economies and among older age … cohorts. The relationship between income inequality and average years of schooling is positive, consistent with constant or …
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