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Heterogeneous Returns to Human Capital and Dynamic Self-Selection
Local returns to schooling average returns dynamic programming dynamic self-selection
2013/10/18
We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience....
Returns to Human Capital under the Communist Wage Grid and During the Transition to a Market Economy
Communism Czech Republic human capital labor retrospective data
2013/10/18
Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new micro data on men to estimate returns to human capital under the communist wage gri...