The American Economic Review, Volume 96American Economic Association., 2006 |
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Página 464
... skills . Like Bound and Johnson ( 1992 ) and Katz and Murphy ( 1992 ) , JMP view the increase in the relative demand for skills as the driving force behind the expansion of the college - high school wage premium during the 1980s . They ...
... skills . Like Bound and Johnson ( 1992 ) and Katz and Murphy ( 1992 ) , JMP view the increase in the relative demand for skills as the driving force behind the expansion of the college - high school wage premium during the 1980s . They ...
Página 816
... skills bring higher productivity than general skills do . Note , however , that AR is still strictly positive when hsh since AU > 0 for all positive p . The interpretation of ( c ) is also easy . As equation ( 2.1 ) shows , the choice ...
... skills bring higher productivity than general skills do . Note , however , that AR is still strictly positive when hsh since AU > 0 for all positive p . The interpretation of ( c ) is also easy . As equation ( 2.1 ) shows , the choice ...
Página 820
... skills investment . The mix regime is thus a convenient macroeconomic representation of a more general problem in which workers can invest continuously in both types of skills , de- tailed as follows . IV . Extensions A. Theorem 1 with ...
... skills investment . The mix regime is thus a convenient macroeconomic representation of a more general problem in which workers can invest continuously in both types of skills , de- tailed as follows . IV . Extensions A. Theorem 1 with ...
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agent analysis assumption auction average behavior bidder bonus rate buyer certifier choice choose coefficient column concave condition consumers consumption correlation cost cotinine countries demand denote distribution earnings effect efficient effort levels endogenous enrollment equation equilibrium estimates exchange rate expected Figure firm gamble GATT growth higher human capital impact implies incarceration income increase incumbent individual investment Jobs Journal of Economics Lemma March CPS marginal marginal cost match May/ORG measure ment mixed strategy monthly contract Nash equilibrium nomic observed optimal order flow outcomes p-value paper parameter payoff percent period players predictions preferences price vector profits Proposition quantiles regression relative supply residual residual variance risk aversion rounds sample Section skills smoking standard strategy subsidy Table tariff Theorem tion topcode users utility functions variables variance wage inequality Walrasian equilibrium welfare workers zero