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Selection on Observed and Unobserved Variables: Assessing the Effectiveness of Catholic Schools
In this paper we measure the effect of Catholic high school attendance on educational attainment and test scores. Because we do not have a good instrumental variable for Catholic school attendance,
Race and gender in the labor market
This chapter summarizes recent research in economics that investigates differentials by race and gender in the labor market. We start with a statistical overview of the trends in labor market
Employer Learning and Statistical Discrimination
We provide a test for statistical discrimination or rational stereotyping in in environments in which agents learn over time. Our application is to the labor market. If profit maximizing firms have
Intertemporal Substitution in Labor Supply: Evidence from Micro Data
The sensitivity of the supply of labor to intertemporal variation in the wage is an important issue in macroeconomics, the analysis of social security and pensions, and the study of life-cycle
The Effects of Immigration on the Labor Market Outcomes of Less-skilled Natives
This paper examines the effects of immigration on the labor market outcomes of less-skilled natives. Working from a simple model of a local labor market, we show that the effects of immigration can
Small Sample Bias in GMM Estimation of Covariance Structures
We examine the small sample properties of the GMM estimator for models of covariance structures, where the technique is often referred to as the optimal minimum distance (OMD) estimator. We present a
Cross Section and Panel Data Estimators for Nonseparable Models with Endogenous Regressors
We propose two new methods for estimating models with nonseparable errors and endogenous regressors. The first method estimates a local average response. One estimates the response of the conditional
The Demand for and Return to Education When Education Outcomes are Uncertain
This article treats education as a sequential choice that is made under uncertainty. A simple model is used to explore the effects of ability, high school preparation, preferences for schooling, the
Do Wages Rise with Job Seniority?
The extent to which wages rise with the accumulation of seniority(tenure) in a firm after one controls for total labor market experience is a fundamental question about the structure of earnings. A
Parental Altruism and Inter Vivos Transfers: Theory and Evidence
This paper uses PSID data on the extended family to test whether inter vivos transfers from parents to children are motivated by altruism. Specifically, the paper tests whether an increase by one