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This paper contains a survey of the recent literature devoted to the returns to schooling within a dynamic structural framework. I present a historical perspective on the evolution of the literature, from early static models set in a selectivity framework (Willis and Rosen, 1979) to the recent...
Persistent link: https://www.econbiz.de/10012779183
the effect of schooling and experience (schooling has a positive effect on wage growth). Finally, the variance of the …
Persistent link: https://www.econbiz.de/10013317194
We estimate a finite mixture dynamic programming model of schooling decisions in which the log wage regression function is set within a correlated random coefficient model and we use the structural estimates to perform counterfactual experiments. We show that the estimates of the dynamic...
Persistent link: https://www.econbiz.de/10013318534
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/10013320490
process in which unmeasured variables jointly affect initial conditions and subsequent growth …
Persistent link: https://www.econbiz.de/10013043685
With the beginnings of a worldwide burgeoning development of matched firm-employee data,it is worthwhile to examine the possibilities for using these data...
Persistent link: https://www.econbiz.de/10005863261
International comparisons of minimum-wage levels have largely focused on the gross valueof minimum wages, ignoring the effects of taxation on both labour costs and the net incomeof employees. This paper presents estimates of the tax burdens facing minimum-wageworkers. These are used as a basis...
Persistent link: https://www.econbiz.de/10005863369
This paper shows that self-employment opportunities shape the market power of employers in low-income countries, with implications for industrial development. Using data from Peru, we document substantial employer concentration and high self-employment rates across manufacturing local labor...
Persistent link: https://www.econbiz.de/10014078735
We analyze the impact on crime of 3.7 million refugees who entered and stayed in Turkey as a result of the civil war in Syria. Using a novel administrative data source on the flow of offense records to prosecutors' offices in 81 provinces of the country each year, and utilizing the staggered...
Persistent link: https://www.econbiz.de/10014083053
This paper investigates the sources of wage growth over the life cycle, where individuals have the possibility to … acquire vocational training at the start of their career. Wage growth is determined by sectoral and firm mobility, unobserved … key driver of early wage growth while CA skills become important later on. Moreover, job amenities are an important …
Persistent link: https://www.econbiz.de/10014083793