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  1. The labor market consequences of impatience
    some people would be happier if they were required to stay in school longer or search harder for a job while unemployed
    Erschienen: 2022
    Verlag:  Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), Bonn

    Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to encourage more forward-looking behaviors will only reduce people's happiness. Recently, however, economists have explored the role... mehr

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSP 128
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    Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to encourage more forward-looking behaviors will only reduce people's happiness. Recently, however, economists have explored the role of impatience, especially difficulties with delaying gratification, in several important economic choices. There is strong evidence that some people have trouble following through on investments that best serve their long-term interests. These findings open the door to policies encouraging or requiring more patient behaviors, which would allow people to enjoy the eventual payoff from higher initial investment.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/274621
    Schriftenreihe: IZA world of labor ; 2022, 233v2
    Schlagworte: impatience; dynamic inconsistency; educational investment; job search; lifetime earnings
    Umfang: 1 Online-Ressource (circa 11 Seiten), Illustrationen
    Bemerkung(en):

    Previous version February 2016

  2. Footloose capital, educational choice, and wage inequality
    Autor*in: Kon, Yoshifumi
    Erschienen: September 2022
    Verlag:  [CIRJE, Faculty of Economics, University of Tokyo], [Tokyo]

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Array ; CIRJE-F-1200
    Schlagworte: wage inequality; footloose capital model; home market effect; educational investment
    Umfang: 1 Online-Ressource (circa 17 Seiten)
  3. Skills, majors, and jobs
    does higher education respond?
    Erschienen: August 2023
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    How do college students and postsecondary institutions react to changes in skill demand in the U.S. labor market? We quantify the magnitude and nature of response in the 4-year sector using a new measure of labor demand at the institution-major level... mehr

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    How do college students and postsecondary institutions react to changes in skill demand in the U.S. labor market? We quantify the magnitude and nature of response in the 4-year sector using a new measure of labor demand at the institution-major level that combines online job ads with geographic locations of alumni from a professional networking platform. Within a shift-share setup, we find that the 4-year sector responds. We estimate elasticities for undergraduate degrees and credits centered around 1.3, generally increasing with time horizon. Changes in non-tenure-track faculty allocations and the credits they teach partially mediate this overall response. We provide further evidence that the magnitude of the overall response depends on both student demand and institutional supply-side constraints. Our findings illuminate the nature of educational production in higher education and suggest that policy efforts that aim to align human capital investment with labor demand may struggle to achieve such goals if they target only one side of the market.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/279103
    Schriftenreihe: Discussion paper series / IZA ; no. 16405
    Schlagworte: labor demand; skill demand; college major; educational investment
    Umfang: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  4. Skills, majors, and jobs
    does higher education respond?
    Erschienen: 4-2024
    Verlag:  W.E. Upjohn Institute for Employment Research, Kalamazoo, MI

    How does postsecondary human capital investment respond to changes in labor market skill demand? We quantify the magnitude and nature of this response in the U.S. 4-year sector. To do so, we develop a new measure of institution-major-specific labor... mehr

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    DS 208
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    How does postsecondary human capital investment respond to changes in labor market skill demand? We quantify the magnitude and nature of this response in the U.S. 4-year sector. To do so, we develop a new measure of institution-major-specific labor demand, and corresponding shift-share instrument, that combines job ads with alumni locations. We find that postsecondary human capital investments meaningfully respond. We estimate elasticities for degrees and credits centered around 1.3, generally increasing with time horizon. We provide evidence that both student demand and institutional supply-side constraints matter. Our findings illuminate the nature of educational production in higher education.

     

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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Upjohn Institute working paper ; 24, 400
    Schlagworte: labor demand; skill demand; college major; educational investment
    Umfang: 1 Online-Ressource (circa 80 Seiten), Illustrationen