Journal ArticleReview of Economic Studies · January 1, 2025
We study partially linear models when the outcome of interest and some of the covariates are observed in two different datasets that cannot be linked. This type of data combination problem arises very frequently in empirical microeconomics. Using recent to ...
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Journal ArticleJournal of Labor Economics · October 1, 2021
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This paper investigates the wage returns to schooling and actual early work experiences and how these returns have changed over the past 20 years. Using the NLSY surveys, we develop and estimate a dynamic model of the joint schooling and work decisions tha ...
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Journal ArticleQuantitative Economics · July 2021
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In this paper, we build a new test of rational expectations based on the marginal distributions of realizations and subjective beliefs. This test is widely applicable, including in the common situation where realizations and beliefs are observed in ...
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Journal ArticleJournal of Labor Economics · February 19, 2021
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Using data from a Canadian field experiment on financial barriers to higher education, we estimate the distribution of the value of financial aid for prospective students. We find that a considerable share of prospective students perceive significant credi ...
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Journal ArticleJournal of Political Economy · December 1, 2020
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Using data from Duke University undergraduates, we make three main contributions to the literature. First, we show that data on earnings beliefs and probabilities of choosing particular occupations are highly informative of future earnings and occupations. ...
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Journal ArticleStata Journal · June 1, 2020
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In this article, we present the eqregsel command, which estimates and provides bootstrap inference for sample-selection models via extremal quantile regression. eqregsel estimates a semiparametric sample-selection model without an instrument or a large sup ...
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Scholarly Edition · June 1, 2016
Using data from a Canadian field experiment designed to elicit risk and time preferences and quantify financial barriers to higher education, we estimate the distribution of the value of financial aid for prospective students, and relate it to parental soc ...
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OtherEconomic Research Initiatives at Duke (ERID) · May 31, 2016
This paper investigates the role played by informational frictions in college and the workplace. We estimate a dynamic structural model of schooling and work decisions, where individuals have imperfect information about their schooling ability and labor ma ...
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Chapter · January 1, 2016
As the workforce has become more educated, educational decisions are about what type of education to pursue as well as how much to pursue. In college, individuals somewhat specialize through their choice of college major. Further specialization occurs in g ...
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Journal ArticleReflets Et Perspectives De La Vie Economique · January 1, 2015
Students who enroll in post-secondary education have to make a number of choices, such as which type of college or which major to attend, with important implications regarding their future earnings and career prospects. It is crucial, especially from a pol ...
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Journal ArticleEconomic Research Initiatives at Duke (ERID) Working Paper · October 1, 2014
We show that data on subjective expectations, especially on outcomes from counterfactual choices and choice probabilities, are a powerful tool in recovering ex ante treatment effects as well as preferences for different treatments. In this paper we focus o ...
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Journal ArticleEconomic Research Initiatives at Duke (ERID) · June 1, 2014
We consider the estimation of a semiparametric location-scale model subject to endogenous selection, in the absence of an instrument or a large support regressor. Identification relies on the independence between the covariates and selection, for arbitrari ...
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Journal ArticleEconomic Research Initiatives at Duke (ERID) · May 1, 2014
In this paper we analyze career dynamics for the large share of U.S. workers who have more schooling than their peers in the same occupation. We use data from the NLSY79 combined with the CPS to analyze transitions into and out of overeducated employment, ...
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Journal ArticleEconometric Theory · 2013
It is often believed that without instruments, endogenous sample selection models are identified only if a covariate with a large support is available (see, e.g., Chamberlain, 1986, Journal of Econometrics 32, 189-218; Lewbel, 2007, Journal of Econometrics ...
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Journal ArticleJournal of Econometrics · 2013
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This paper considers the identification and estimation of an extension of Roy's model (1951) of sectoral choice, which includes a non-pecuniary component in the selection equation and allows for uncertainty on potential earnings. We focus on the identifica ...
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Journal ArticleOxford Bulletin of Economics and Statistics · June 1, 2012
Using American panel data from the National Education Longitudinal Study of 1988, this article investigates the effect of working during grade 12 on attainment. We employ, for the first time in the related literature, a semiparametric propensity score matc ...
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Journal ArticleReview of Economics and Statistics · 2012
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This paper examines the determinants of the choice of the college major when the length of studies and future earnings are uncertain. We estimate a three-stage schooling decision model, focusing on the effect of expected earnings on major choice. We contro ...
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