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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
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
. Assuming that students' attitudes toward risk can be represented by a CRRA utility, we show that the risk-aversion parameter …
Persistent link: https://www.econbiz.de/10005123629
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
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10005067578
It is shown that the net fiscal externality created by an additional member of a pay-as-you-go-pension system that is endowed with individual accounts equals the gross contributions of this member. In Germany, this equals about 175,000 Deutsche marks. The paper uses this information to design a...
Persistent link: https://www.econbiz.de/10005792013
and purchased child care (e.g. childminders, nannies) for the care and rearing of children. The theoretical model implies …
Persistent link: https://www.econbiz.de/10005792321
, even when a spouse's income is high, and that when spaces are not rationed a lower price encourages use. This is consistent …
Persistent link: https://www.econbiz.de/10005656121