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Are Austrian Returns to Education Falling Over Time?

Fersterer, Josef; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 1999

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/10005822824

Absolute Risk Aversion and the Returns to Education

Brunello, Giorgio - Institute for the Study of Labor (IZA) - 2000

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/10005761664

Does Education Reduce Wage Inequality? Quantile Regressions Evidence from Fifteen European Countries

Pereira, Pedro Telhado; Martins, Pedro Silva - Institute for the Study of Labor (IZA) - 2000

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/10005763843

The Earnings Distribution and Returns to Education in Ireland, 1987-94

Barrett, Alan; Callan, Tim; Nolan, Brian - C.E.P.R. Discussion Papers - 1997

The increased supply of skilled labour and institutional factors have been advanced in an effort to explain why some countries have experienced smaller increases in earnings dispersion and in returns to education relative to the United States. Ireland’s supply of skilled labour has increased...

Persistent link: https://www.econbiz.de/10005791997

The Impact of Immigration on the Structure of Wages: Theory and Evidence from Britain

Manacorda, Marco; Manning, Alan; Wadsworth, Jonathan - C.E.P.R. Discussion Papers - 2010

Immigration to the UK, particularly among more educated workers, has risen appreciably over the past 30 years and as such has raised labor supply. However studies of the impact of immigration have failed to find any significant effect on the wages of native-born workers in the UK. This is...

Persistent link: https://www.econbiz.de/10008527530

Is there a Return-Risk Link in Education?

Pereira, Pedro Telhado; Martins, Pedro Silva - Institute for the Study of Labor (IZA) - 2001

Risk averse investors have to be compensated in higher expected returns when facing investments with higher risk. Education is an important investment therefore we use the results for 16 countries to test the positive relationship between return to education and the risk involved in this...

Persistent link: https://www.econbiz.de/10005566756

Does Speed Signal Ability? The Impact of Grade Repetitions on Employment and Wages

Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - C.E.P.R. Discussion Papers - 2008

the average school-leaving age of students holding the same certificate or degree. We use past school-opening instruments …, and distance-to-the-nearest-college, also measured in the past, when students were entering grade 6, to identify the …

Persistent link: https://www.econbiz.de/10005498114

Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality

Acemoglu, Daron - C.E.P.R. Discussion Papers - 1997

This paper considers an economy where skilled and unskilled workers use different technologies. The rate of improvement of each technology is determined by a profit-maximizing R&D sector. When there is a high proportion of skilled workers in the labour-force, the market for skill-complementary...

Persistent link: https://www.econbiz.de/10005504709

Smoking, Discount Rates, and Returns to Education

Fersterer, Josef; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2000

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/10005700985

The Wage Expectations of European College Students

Brunello, Giorgio; Lucifora, Claudio; Winter-Ebmer, Rudolf - Institute for the Study of Labor (IZA) - 2001

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/10005703334