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This paper makes three contributions to the literature on educational attainment gaps by family income. First, we … conduct a parallel empirical analysis of the effects of parental income on post-secondary (PS) attendance for recent high … Youth in Transition Survey. We estimate substantially smaller PS attendance gaps by parental income in Canada relative to …
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This paper studies the multidimensional nature of investments in children within a dynamic framework. In particular, we … dynamics of skill accumulation. Fourth, we use data from the Child Development Supplement of the Panel Study of Income Dynamics … to estimate the skill production technology for children ages 12 and younger. Our estimates suggest complementarity …
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We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
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internal rates of return that take into account tuition costs, income taxes and nonlinearities in the earnings …
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internal rates of return that take into account tuition costs, income taxes and nonlinearities in the earnings …
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