In The Bell Curve, Herrnstein and Murray (1994) claim, based on evidence from cross-sectional regressions, that differences in wages in the U.S. labor market are predominantly explained by general intelligence. Cawley, Heckman, and Vytlacil (1999), using evidence from random effects panel...

This paper deals with credit market imperfections and idiosyncratic risks in a two–sector heterogeneous agent dynamic general equilibrium model of occupational choice. We focus especially on the effects of tightening financial constraints on macroeconomic performance, entrepreneurial...

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks in general, on an 11-point...

This paper presents new evidence on the distribution of risk attitudes in the population, using a novel set of survey questions and a representative sample of roughly 22,000 individuals living in Germany. Using a question that asks about willingness to take risks in general, on an 11-point...

This paper uses individual-level data on registered apprenticeship for ten largest construction occupations from 31 states in the U.S. to evaluate the variations in the entry and exit of women apprentices, overall and by race/ethnicity, over the 1995-2003 period. We examine how women’s...

This paper uses program-level data to compare the relative representation of Blacks and Latinos in the construction industry apprenticeship programs organized with and without trade union participation. Econometric analysis shows that there are significant differences between the Black and...

We study the relation between workers’ age and their productivity in work teams, based on a new and unique data set that combines data on errors occurring in the production process of a large car manufacturer with detailed information on the personal characteristics of workers related to...

Empleando la Encuesta de Estructura Salarial se plantea una propuesta de estimación de externalidades de capital humano intraempresa que permite relajar las restricciones introducidas por las especificaciones que la literatura empírica existente ha usado. En concreto, la metodología propuesta...