D'Addio, Anna Christina; Honoré, Bo E. - School of Economics and Management, University of Aarhus
. If
the serial correlation is due to unobserved heterogeneity, then such a policy will not change future
choice … until the moment she/he
enters the labour market. Later periods of schooling are treated as employment.
Table 1 presents … summary statistics regarding the dynamic behavior of the dependent variable
15
(non-employment)
Table 1: Transition …