We analyse how progressive taxation and education subsidies affect schooling decisions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic ...
This research is concerned with the skills-match between researchers' Ph.D. training
and their subsequent university employment. Self-rated skills-matching is considered in
light of the anchoring vignettes technique. ...
We extend the standard human capital earnings function to include dispersion in the return to schooling by treating the return as a random coefficient (RC). If the rapid expansion in participation in higher education has ...
In this paper we focus on education as a private decision to invest in ‘human capital’ and the estimation of the rate of return to that private investment. While the literature is replete with studies that estimate the ...
It is clear that education has an important effect on wages paid in the labour market
However it not clear whether this is due to the role that education plays in raising the
productivity of workers (the human capital ...
In this article, I evaluate the hypothesis that firms respond to negative demand shocks by assigning workers to tasks that require less skill than the tasks they normally carry out. Using changes in employment in state-industry ...
We analyse how progressive taxation and education subsidies affect schooling deci-
sions when the returns to education are stochastic. We use the theory of real options to solve the problem of education choice in a dynamic, ...
It is clear that education has an important effect on wages paid in the labour market
However it not clear whether this is due to the role that education plays in raising the
productivity of workers (the human capital ...
Walker, Ian; Zhu, Yu(University College Dublin. Geary Institute, 2007-06-12)
This paper provides findings from the UK Labour Force Surveys from 1993 to 2003
on the financial private returns to a degree – the "college premium". The data covers a decade when the university participation rate doubled ...
Walker, Ian; Zhu, Yu(University College Dublin. Geary Institute, 2008-07-08)
This paper reports estimates of the UK “college premium” for young graduates
across successive cohorts from large cross section datasets for the UK pooled from
1994 to 2006 - a period when the higher education participation ...