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This paper examines the relationship between "school quality" and earnings in the United Kingdom. The specific focus is on evaluating the effect that private schooling has on hourly wage rates. It is ...
Subjective Discount Rates, Intergenerational Transfers and the Return to Schooling
Intergenerational transfers returns to education subjective discount rates
2013/10/17
Using a dynamic programming model of schooling decisions, we investigate the relationship between subjective discount rates and the labor market ability (the discount rate bias) on a panel taken from ...