Journal ArticleDOI
Estimating the returns to schooling: Implications from a dynamic discrete choice model☆
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In this paper, the applicability of a dynamic discrete choice model in accounting for the observed ordinary least squares (OLS) and instrumental variable (IV) estimates of the Mincer equation parameter on returns to schooling was assessed.About:
This article is published in Labour Economics.The article was published on 2013-01-01. It has received 4 citations till now. The article focuses on the topics: Instrumental variable & Discrete choice.read more
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The optimal time to evacuate: A behavioral dynamic model on Louisiana resident data
TL;DR: In this paper, a dynamic discrete choice model that takes into account the threat's characteristics and the population's expectation of them is proposed to predict evacuation of a population at risk from the threat of a disaster.
Journal ArticleDOI
Dynamic skill accumulation, education policies, and the return to schooling: Dynamic skill accumulation
TL;DR: This paper decompose early life-cycle wage growth of U.S. white males into four main sources: education, hours worked, cognitive skills (AFQT scores) and unobserved heterogeneity, and evaluate the effect of compulsory high school graduation and a reduction in the cost of college.
Reanalysis of Empirical Research for Return to Schooling: a Weak Instrument Variable Problem
Zejun Jiang,Ke Lyu +1 more
TL;DR: In this paper, the authors employed the quarter of birth as the instrument and obtained the credible confidence interval for the estimate of interest under three weak-identification-robust test, namely the conditional likelihood ratio (CLR), Anderson and Rubin (AR) test, and Kleibergen test.
References
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Schooling, Experience, and Earnings
TL;DR: In this article, the authors analyzed the distribution of worker earnings across workers and over the working age as consequences of differential investments in human capital and developed the human capital earnings function, an econometric tool for assessing rates of return and other investment parameters.
Journal ArticleDOI
Problems with Instrumental Variables Estimation when the Correlation between the Instruments and the Endogenous Explanatory Variable is Weak
TL;DR: In this article, the use of instruments that explain little of the variation in the endogenous explanatory variables can lead to large inconsistencies in the IV estimates even if only a weak relationship exists between the instruments and the error in the structural equation.
Journal ArticleDOI
Changes in Relative Wages, 1963–1987: Supply and Demand Factors
Lawrence F. Katz,Kevin M. Murphy +1 more
TL;DR: A simple supply and demand framework is used to analyze changes in the U.S. wage structure from 1963 to 1987 as discussed by the authors, showing that rapid secular growth in the demand for more-educated workers, "more-skilled" workers, and females appears to be the driving force behind observed changes in wage structure.
Journal ArticleDOI
Returns to investment in education: A global update
TL;DR: In this paper, the authors discuss methodological issues surrounding those estimates and confirm that primary education continues to be the number one investment priority in developing countries, and also show that educating females is marginally more profitable than educating males, and that the academic secondary school curriculum is a better investment than the technical/vocational tract.
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