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Reconciling Changes in Wage Inequality with Changes in College Selectivity Using a Behavioral Model

Belzil, Christian - 2020

We estimate a structural dynamic Roy model of education, labor supply and earnings on the 1979 and 1997 cohorts of males taken from the National Longitudinal Survey of Youth (NLSY) and evaluate to what extent changes in education and labor supply decisions across cohorts have been explained by...

Persistent link: https://www.econbiz.de/10012831221

Dynamic Skill Accumulation, Education Policies and the Return to Schooling

Belzil, Christian - 2017

Using a dynamic skill accumulation model of schooling and labor supply with learning-by-doing, we decompose early life-cycle wage growth of U.S. white males into four main sources: education, hours worked, cognitive skills (AFQT scores) and unobserved heterogeneity, and evaluate the effect of...

Persistent link: https://www.econbiz.de/10012960276

The Return to Schooling in Structural Dynamic Models : A Survey

Belzil, Christian - 2006

This paper contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...

Persistent link: https://www.econbiz.de/10012779183

The Evolution of the Us Family Income-Schooling Relationship and Educational Selectivity

Belzil, Christian - 2020

We estimate a dynamic model of schooling on two cohorts of the NLSY and find that, contrary to conventional wisdom, the effects of real (as opposed to relative) family income on education have practically vanished between the early 1980's and the early 2000's. After conditioning on a cognitive...

Persistent link: https://www.econbiz.de/10012833239

Dynamic Skill Accumulation, Comparative Advantages, Compulsory Schooling, and Earnings

Belzil, Christian - 2011

We show that a calibrated dynamic skill accumulation model allowing for comparative advantages, can explain the weak (or negative) effects of schooling on productivity that have been recently reported (i) in the micro literature on compulsory schooling, ii) in the micro literature on estimating...

Persistent link: https://www.econbiz.de/10013117619

Earnings Dispersion, Risk Aversion and Education

Belzil, Christian; Hansen, Jorgen - 2021

We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred … homogeneous with respect to the degree of risk aversion. We allow endogenous schooling attainments to affect the level of risk … experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk …

Persistent link: https://www.econbiz.de/10013320490

Testing the Specification of the Mincer Wage Equation

Belzil, Christian - 2021

I perform the joint estimation of a reduced-form dynamic model of the transition from one grade level to the next, and a Mincer wage equation, using panel data taken from the NLSY. A very high degree of flexibility is achieved by approximating the distributions of idiosyncractic grade transition...

Persistent link: https://www.econbiz.de/10013317194