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Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...
Persistent link: https://www.econbiz.de/10014179293
students' job prospects, especially in a non-English speaking countries. Using rich administrative data from Statistics … addresses the self-selection issue by generating a matched sample of students with similar characteristics. We find that …
Persistent link: https://www.econbiz.de/10012512273
students' job prospects, especially in a non-English speaking countries. Using rich administrative data from Statistics … addresses the self-selection issue by generating a matched sample of students with similar characteristics. We find that …
Persistent link: https://www.econbiz.de/10012518148
Longitudinal Survey of Youths which we follow from 16 to 28. We discuss the evolution of family income and ability effects where … component correlated with family income and background variables. We find that the individual cognitive-technical ability … differential prevailing at 16 was increasing with income in the early 80's but much less so in the early 2000's. We find no …
Persistent link: https://www.econbiz.de/10013260027
Persistent link: https://www.econbiz.de/10013355190
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10011411833
household characteristics (especially household income). The "true'' intergenerational correlation between schooling attainments … and parents' education (after conditioning on observed and unobserved ability) is found to be quite low. Finally, our …
Persistent link: https://www.econbiz.de/10011295416
Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from the National Longitudinal Survey of Youth (NLSY). Given household human capital and Armed Forces...
Persistent link: https://www.econbiz.de/10011313951
in other low- middle-income countries, especially in rural areas, it is important to increase primary and secondary level …
Persistent link: https://www.econbiz.de/10012805086
in other lowmiddle- income countries, especially in rural areas, it is important to increase primary and secondary level …
Persistent link: https://www.econbiz.de/10012796920