首页> 外文学位 >Understanding schooling: Using observed choices to infer agent's information in a dynamic model of schooling choice when consumption allocation is subject to borrowing constraints.
【24h】

Understanding schooling: Using observed choices to infer agent's information in a dynamic model of schooling choice when consumption allocation is subject to borrowing constraints.

机译:了解学校教育:当消费分配受到借贷约束时,使用观察到的选择在动态的学校教育选择模型中推断代理人的信息。

获取原文
获取原文并翻译 | 示例

摘要

In this paper, I use economic theory and estimates of a semiparametrically identified structural model to analyze the role played by uncertainty and its interaction with credit constraints and preferences in explaining schooling attendance. A methodology for inferring information available to the agent from individual choices is proposed and implemented. The proposed test distinguishes which of the unobserved (to the analyst) components of future outcomes are known to the agent and which are unknown to both at a given stage of the life cycle. I use microdata on earnings; schooling and consumption to infer the agent's information set and estimate a structural model of schooling choice and consumption allocation under uncertainty in which borrowing constraints arise in equilibrium. I estimate that future earnings are highly predictable by the agent. However, eliminating uncertainty entirely, almost 20% of high school graduates would instead choose to be college graduates and almost 25% of college graduates would regret their choice under uncertainty and pick high school instead. Moving to a no tuition economy would increase college attendance from 44% to 49%. This number is an upper bound on the effect of relaxing the constraint so that people can afford college.
机译:在本文中,我使用经济理论和半参数确定的结构模型的估计来分析不确定性及其与信用约束和偏好的相互作用在解释上学率方面的作用。提出并实施了一种从个体选择中推断出代理人可用信息的方法。拟议的测试区分了代理人已知的未来结果中哪些未观察到的(对于分析人员而言),以及代理人在生命周期的给定阶段中哪些是未知的。我将微数据用于收益;教育和消费,以推断代理人的信息集,并在不确定性条件下估计教育选择和消费分配的结构模型,其中借贷约束出现在均衡状态。我估计代理人可以很好地预测未来的收入。但是,完全消除不确定性后,将近20%的高中毕业生会选择成为大学毕业生,而几乎25%的大学毕业生会后悔自己在不确定性下的选择并选择了高中。转向无学费经济将使大学出勤率从44%增加到49%。此数字是放宽约束条件的上限,以便人们负担得起大学学费。

著录项

  • 作者

    Navarro, Salvador.;

  • 作者单位

    The University of Chicago.;

  • 授予单位 The University of Chicago.;
  • 学科 Economics Labor.
  • 学位 Ph.D.
  • 年度 2005
  • 页码 119 p.
  • 总页数 119
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

  • 入库时间 2022-08-17 11:42:14

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号