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Child Skill Production : Accounting for Parental and Market-Based Time and Goods Investments

Caucutt, Elizabeth M.; Lochner, Lance; Mullins, Joseph; … - 2022

This paper studies the multidimensional nature of investments in children within a dynamic framework. In particular, we … dynamics of skill accumulation. Fourth, we use data from the Child Development Supplement of the Panel Study of Income Dynamics … to estimate the skill production technology for children ages 12 and younger. Our estimates suggest complementarity …

Persistent link: https://www.econbiz.de/10014093597

Earnings Functions and Rates of Return

Heckman, James J. - 2010

internal rates of return that take into account tuition costs, income taxes and nonlinearities in the earnings …

Persistent link: https://www.econbiz.de/10012759549

Earnings Functions, Rates of Return and Treatment Effects : The Mincer Equation and Beyond

Heckman, James J.; Lochner, Lance; Todd, Petra - 2022

This paper considers the interpretation of "Mincer rates of return." We test and reject the Mincer model. It fails to track the time series of true returns. We show how repeated cross section and panel data improves the ability of analysts to estimate the ex ante and ex post marginal rate of...

Persistent link: https://www.econbiz.de/10014063044

The Nature of Credit Constraints and Human Capital

Lochner, Lance - 2010

markets. These constraints imply cross-sectional patterns for schooling, ability, and family income that are consistent with U … -- schooling relationship for low-income youth. We show that the rising empirical importance of familial wealth and income in …

Persistent link: https://www.econbiz.de/10012759412

Education, Work, and Crime : A Human Capital Approach

Lochner, Lance - 2021

This paper develops a model of crime in which human capital increases the opportunity cost of crime from foregone work and expected costs associated with incarceration. Older, more intelligent, and more educated adults should commit fewer street (unskilled) crimes. White collar crimes decline...

Persistent link: https://www.econbiz.de/10013246681

Fifty Years of Mincer Earnings Regressions

Heckman, James J.; Lochner, Lance; Todd, Petra - 2021

The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...

Persistent link: https://www.econbiz.de/10013248669

Return on Student Loans in Canada

Lochner, Lance; Liu, Qian; Gervais, Martin - 2023

This paper uses new administrative data with detailed borrower information and lengthy repayment histories from the Canada Student Loans Program (CSLP) to measure rates of return on undergraduate student loans. We document substantial heterogeneity in returns based on information available at...

Persistent link: https://www.econbiz.de/10014257839

Wages and Employment : The Canonical Model Revisited

Bowlus, Audra J. - 2017

The basic canonical model fails to predict the aggregate college premium outside of the original sample period (1963-1987) or to account for the observed deviations in college premia for younger vs. older workers. This paper documents that these failings are due to mis-measurement of the...

Persistent link: https://www.econbiz.de/10012941935

The Effect of Education and School Quality on Female Crime

Cano‐Urbina, Javier - 2017

This paper estimates the effects of educational attainment and school quality on crime among American women. Using changes in compulsory schooling laws as instruments, we estimate significant effects of schooling attainment on the probability of incarceration using Census data from 1960-1980....

Persistent link: https://www.econbiz.de/10012942696

The Changing Role of Family Income and Ability in Determining Educational Achievement

Belley, Philippe - 2007

estimate changes in the effects of ability and family income on educational attainment for youth in their late teens during the … cohorts, while family income plays little role in determining high school completion in either cohort. Most interestingly, we … document a dramatic increase in the effects of family income on college attendance (particularly among the least able) from the …

Persistent link: https://www.econbiz.de/10012775739