Arnaud Maurel

Journal article Journal of Labor Economics · October 1, 2021 Featured Publication 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 ... Full text Cite

Rationalizing rational expectations: Characterizations and tests

Journal article Quantitative Economics · July 2021 Featured Publication 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 ... Full text Cite

Introduction to the special issue on advances in structural microeconometrics

Journal article Annals of Economics and Statistics · June 1, 2021 Featured Publication Full text Open Access Cite

Estimating the Value of Higher Education Financial Aid: Evidence from a Field Experiment

Journal article Journal of Labor Economics · February 19, 2021 Featured Publication 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 ... Full text Link to item Cite

Ex ante returns and occupational choice

Journal article Journal of Political Economy · December 1, 2020 Featured Publication 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. ... Full text Cite

Estimating selection models without an instrument with Stata

Journal article Stata Journal · June 1, 2020 Featured Publication 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 ... Full text Cite

Inference on an extended Roy model, with an application to schooling decisions in France

Journal article Journal of Econometrics · 2013 Featured Publication 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 ... Full text Cite

Choosing the field of study in postsecondary education: Do expected earnings matter?

Journal article Review of Economics and Statistics · 2012 Featured Publication 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 ... Full text Cite