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the results of the first systematic study of the wage expectations of European college students. Our data are based on the … replies to the same questionnaire by more than 6000 college students all over Europe. We study the determinants of wage …-specific micro-data. In line with U.S. studies we find that students overestimate returns to education. …
Persistent link: https://www.econbiz.de/10010262505
Regression, matching, control function and instrumental variables methods for recovering the impact of education on individual earnings are reviewed for single treatment and sequential multiple treatments with and without heterogeneous returns. The sensitivity of the estimates once applied to a...
Persistent link: https://www.econbiz.de/10010292932
the substantial political efforts to equalize educational opportunities in Germany. Persons with less-educated parents …
Persistent link: https://www.econbiz.de/10010297750
Looking at smoking-behavior it can be shown that there are differences concerning the time-preference-rate. Therefore this has an effect on the optimal schooling decision in the way that we assume a lower average human capital level for smokers. According to a higher time-preference-rate we...
Persistent link: https://www.econbiz.de/10011601062
In this paper we make a systematic presentation of returns to education in Austria for the period 1981-1997. We use consistent cross-sections from the Mikrozensus and find falling returns over time. These falling returns are not caused by changes in the sample design and reduced willingness to...
Persistent link: https://www.econbiz.de/10010262293
We address the impact of education upon wage inequality by drawing on evidence from fifteen European countries, during a period ranging between 1980 and 1995. We focus on within-educational-levels wage inequality by estimating quantile regressions of Mincer equations and analysing the...
Persistent link: https://www.econbiz.de/10010262344
Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education...
Persistent link: https://www.econbiz.de/10010262347
Survey on the Income and Wealth of Italian households. This measure, conditional on financial and real wealth and household … income, is used as an instrument for attained education in a standard log earnings equation. I find that, in line with the …
Persistent link: https://www.econbiz.de/10010262400
Until very recently, the conventional wisdom was that the return to education was very high in Africa. However, some recent analysis point to low average returns to education in some African countries including Nigeria. Given these low returns to education, a relevant question is what causes low...
Persistent link: https://www.econbiz.de/10010268989
induces some students to drop out of school. The GED program is unique to the United States and Canada, but provides policy …
Persistent link: https://www.econbiz.de/10010274263