In this chapter we extend the concept of serial correlation common features to panel data models. This analysis is motivated both by the need to develop a methodology to systematically study and test for common structures and comovements in panel data with autocorrelation present and by an...

This paper investigates empirically the impact of parental education level, family income, scholastic ability, and expectations on earnings and employment on the demand for higher education in the Netherlands. In theory the factors mentioned are important determinants of educational choice. The...