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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
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Risk Aversion and Human Capital Investment: A Structural Econometric Model
Brodaty, Thomas; Gary-Bobo, Robert J.; Prieto, Ana - C.E.P.R. Discussion Papers - 2006
. 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
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Earnings Inequality, Returns to Education and Immigration into Ireland
Barrett, Alan; Fitz Gerald, John; Nolan, Brian - C.E.P.R. Discussion Papers - 2000
Increasing earnings inequality has been an important feature of the US and UK labour markets in recent years. The increase appears to be related to an increased demand for skilled labour and an increase in the returns to education. In this paper we examine what has happened to earnings...
Persistent link: https://www.econbiz.de/10005124097
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Earnings Dispersion, Risk Aversion and Education
Belzil, Christian; Hansen, Jörgen - C.E.P.R. Discussion Papers - 2002
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
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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
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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
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Money Demand in Ireland, 1933-2012
Gerlach, Stefan; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2014
Using annual data from several sources, we study the evolution of M1, M2, income, prices and long and short interest … rates in Ireland over the period 1933-2012. We find cointegration and that prices, income and interest rates are weakly … relatively high income elasticity, and detect parameter instability. We estimate a short-run M2 demand function that passes a …
Persistent link: https://www.econbiz.de/10011084447