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The Timing of Earnings Sampling over the Life-Cycle and IV Identification of the Return to Schooling
returns to schooling instrumental variable methods dynamic discrete choice dynamic programming
2012/10/23
We show that within a life-cycle skill accumulation model, IV identification of the return to schooling parameter is either achieved at any point in the life-cycle where the level of skills accumulate...
Life-Cycle Bias and the Returns to Schooling in Current and Lifetime Earnings
returns to schooling life-cycle bias lifetime earnings current earnings errors-in-variables model
2012/10/26
This paper uses a unique data set with nearly career-long earnings histories to provide evidence on the returns to schooling in current and lifetime earnings. We use these results to assess the import...
This paper examines the relationship between "school quality" and earnings in the United Kingdom. The specific focus is on evaluating the effect that private schooling has on hourly wage rates. It is ...
Subjective Discount Rates, Intergenerational Transfers and the Return to Schooling
Intergenerational transfers returns to education subjective discount rates
2013/10/17
Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from ...