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Title: Dynamic Models of Human Capital Investment
Resulting in 1 citation.
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Ashworth, Jared |
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Dynamic Models of Human Capital Investment Ph.D. Dissertation, Department of Economics, Duke University, 2015 Cohort(s): NLSY79, NLSY97 Publisher: ProQuest Dissertations & Theses (PQDT) Keyword(s): Educational Attainment; High School Employment; Wage Levels; Wages; Work Experience Permission to reprint the abstract has not been received from the publisher. Chapter 3 investigates the evolution over the last two decades in the wage returns to schooling and early work experience. Using data from the 1979 and 1997 panels of the National Longitudinal Survey of Youth, we isolate changes in skill prices from changes in composition by estimating a dynamic model of schooling and work decisions. Importantly, this allows us to account for the endogenous nature of the changes in educational and accumulated work experience over this time period. We find an increase over this period in the returns to working in high school, but a decrease in the returns to working while in college. We also find an increase in the incidence of working in college, but that any detrimental impact of in-college work experience is offset by changes in other observable characteristics. Overall, our decomposition of the evolution in skill premia suggests that both price and composition effects play an important role. The role of unobserved ability is also important. |
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Bibliography Citation
Ashworth, Jared. Dynamic Models of Human Capital Investment. Ph.D. Dissertation, Department of Economics, Duke University, 2015. |