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Title: New Evidence on the Effect of the Demographic Cycle on the Timing of School Completion
Resulting in 1 citation.
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Falaris, Evangelos M. Peters, H. Elizabeth |
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New Evidence on the Effect of the Demographic Cycle on the Timing of School Completion Working Paper, Department of Economics, University of Delaware, 1988 Cohort(s): NLSY79, Young Men, Young Women Publisher: Department of Economics, University of Delaware Keyword(s): Behavior; Educational Attainment; Educational Returns; Gender Differences; Modeling; Panel Study of Income Dynamics (PSID); Schooling; Well-Being Permission to reprint the abstract has not been received from the publisher. This paper presents new evidence which rejects the timing hypothesis of the effect of the demographic cycle on schooling which was proposed by Wachter and Wascher (1984). The authors formalize the timing hypothesis in the context of a statistical model and argue that the timing hypothesis implies certain restrictions on the parameters of this model. Using more detailed data than those used by Wachter and Wascher, we estimate the model, test the restrictions, and reject the timing hypothesis. The study of Wachter and Wascher has enhanced our understanding of the effects of the demographic cycle on individual behavior by showing that individuals do not passively suffer any adverse consequences of a baby boom on their economic well-being but they alter their investment in schooling in response to such a demographic phenomenon. This research clarifies the relation between the demographic cycle, schooling attainment and the timing of its completion. |
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Bibliography Citation
Falaris, Evangelos M. and H. Elizabeth Peters. "New Evidence on the Effect of the Demographic Cycle on the Timing of School Completion." Working Paper, Department of Economics, University of Delaware, 1988. |