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The returns to education in Arkansas : evidence from the 1987 compulsory education law

Patrinos, Harry Anthony; Rivera-Olvera, Angelica - 2026

This paper estimates the returns to education in Arkansas-one of the last states to extend compulsory schooling-using ACS 2023 data and the 1987 Compulsory Schooling Law (CSL) reform as an instrument. OLS estimates imply returns of 9.5-10.4 percent per year of schooling. The CSL reform increased...

Persistent link: https://www.econbiz.de/10015562762

Tariffs and capital flows

Marjit, Sugata; Das, Gouranga Gopal; Kar, Mausumi; Kar, … - 2026

This paper analytically explores how FDI are affected by Tariffs as President Trump has imposed retaliatory tariffs on countries which have trade surplus with US and declared this as a strategy to attract tariff jumping FDI into US.. Our motivational empirical results show that with greater...

Persistent link: https://www.econbiz.de/10015665245

Does experience still pay? : evidence from competitive and institutional labor markets

Li, Shikai; Chen, Jie - 2026

Standard human capital theory predicts a positive, concave experience-wage relationship. Using repeated cross-sectional data from China (2010 - 2023), we document a structural breakdown of this canonical Mincer profile by 2023, as aggregate returns to experience become statistically...

Persistent link: https://www.econbiz.de/10015664945

The true value of, the Value of a Statistical Life (VSL), in benefit-cost analysis : how might the VSL be different from what we have been told?

Payson, Steven; Dwyer, Debra Sabatini; Payson, Emanuel - 2026

The Value of a Statistical Life (VSL) serves as the definitive metric for allocative efficiency in Health Economics and Benefit-Cost Analysis (BCA). However, the production and application of VSL estimates have become stratified into four distinct groups-econometric producers, practitioner...

Persistent link: https://www.econbiz.de/10015665020

A historical note on the assimilation rates of foreign-born men and women in the U.S.

Duleep, Harriet Orcutt; Dowhan, Dan; Liu, Xingfei; … - 2025

The 1924 Immigration Act excluded immigrants from economically developing countries to the point of their near total exclusion. Forty years later, the 1965 Immigration and Nationality Act eliminated most discriminatory county-of-origin barriers. America's doors opened and immigration from...

Persistent link: https://www.econbiz.de/10015361644

An essay on the monetary roots of exploitation

Andini, Corrado - 2025

This paper proposes a theory of the mark-up that is embedded in a circuit model of the capitalist mode of production. The model and the theory are built on Keynes's principle of effective demand, Graziani's monetary theory of production and Pivetti's monetary theory of distribution. The price-...

Persistent link: https://www.econbiz.de/10015406628

Evaluating the impact of the Mariel Boatlift on women's labor market outcomes : a synthetic difference-in-differences analysis

Wang, Yifan; Wang, Chunbei; Holmes, Chanita - 2025

Immigration continues to shape labor market dynamics, yet its gender-specific effects remain understudied. This study revisits the Mariel Boatlift, when about 125,000 Cubans arrived in Miami in 1980, increasing the local labor supply by 7%, to examine its impact on native women's labor market...

Persistent link: https://www.econbiz.de/10015408589

The effect of raising school quality on earnings

Patrinos, Harry Anthony; Psacharopoulos, George - 2025

The evidence underscores the need to shift attention from school attainment to actual learning. While the average global return to an additional year of schooling is about 10 percent, a one standard deviation increase in test scores raises earnings by 15 percent. Studies show that including...

Persistent link: https://www.econbiz.de/10015410658

Education and earnings in Arkansas

Patrinos, Harry Anthony; Rivera-Olvera, Angelica - 2025

This paper presents the first analysis for Arkansas using 2024 CPS data to examine education's impact on earnings and returns to investment. Average returns are 7.7%, higher for women (9%). University education yields even more: 8.8% overall, 8.1% for men, and 10.8% for women. With full...

Persistent link: https://www.econbiz.de/10015416187

Unequal impacts of AI on Colombia's labor market : an analysis of AI exposure, wages, and job dynamics

García, Andrés; Sarango-Iturralde, Alexander; … - 2025

The rapid advancements in the domain of artificial intelligence (AI) have exerted a considerable influence on the labor market, thereby engendering alterations in the demand for specific skills and the structure of employment. This study aims to evaluate the extent of exposure to AI within the...

Persistent link: https://www.econbiz.de/10015395662