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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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earnings inequality without significant changes in within firm inequality. The estimated model fits the earnings distribution … inequality is largely due to the increase in her educational attainment over the same years. A simulation of skilled biased … technical change in the model also qualitatively fits the recent changes in earnings inequality in the United States. …
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Die vorliegende Dissertation beschäftigt sich modelltheoretisch mit drei Themenbereichen aus dem Feld der Bildungsforschung. Das erste Kapitel behandelt die Existenz von Studiengebühren. Bei der persönlichen Entscheidung für oder gegen ein Studium sind Studiengebühren ein Nachteil, vor...
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returns to schooling both for developed and developing countries. However, researchers have not made many attempts to identify … policy implications about the nature of the private vs. social returns to schooling. …
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This study investigates the dynamics of between-group and within-group wage inequality in a model with heterogeneous … process of human capital accumulation, the skill premium increases, then wage inequality among skilled workers, as measured by … an upward shift in the between-group inequality and inequality among skilled workers. We also demonstrate that the …
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To examine how human capital accumulation influences both economic growth and income inequality, we carefully … central to the evolution of inequality during the development process. We characterise development thresholds when countries … that are consistent with the cross-country data on inequality and skill-premia. …
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