Lecture11 - March 3 2016 Yuya Takahashi 1 Today Human...

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March 3, 2016 Yuya Takahashi 1
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Today Human Capital Schooling model Estimating the rate of return to schooling Schooling as a signal Next Tuesday (Mar 8): BLS presentation Thursday (Mar 10): Midterm exam 2
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Midterm Exam Chapter 2: Labor supply pp. 21-64 (until 2.11) Eissa and Liebman (1996) Chapter 3: Labor demand pp. 84-126 (until 3.10) Card and Krueger (1994) Chapter 4: Labor market equilibrium pp. 144-162 (until 4.4) Anderson and Meyer (2006) Chapter 5: Compensating wage differentials All sections Olson (2002) Chapter 6: Human capital pp. 229-262 (until 6.9) 3
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Human Capital Workers differ in terms of human capital (abilities and acquired skills) We acquire most of our human capital in school and in formal and informal on-the-job training programs We focus on schooling Why do some workers obtain a lot of schooling and other workers drop out at an early age? Data: only slight differences in educational attainment between men and women, but substantial differences among racial and ethnic groups Education plays a crucial role in improving labor market outcomes for all types of workers 4
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