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Migration and Human Capital: Self-Selection of Indentured Servants to the Americas
eighteenth centuries Migration and Human Capital
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2015/7/15
When contracting, European merchants could at least partially observe characteristics such as the health, physical strength, and education of indentured servants.
These characteristics, unobservable...
Heterogeneous Returns to Human Capital and Dynamic Self-Selection
Local returns to schooling average returns dynamic programming dynamic self-selection
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2013/10/18
We estimate a structural dynamic programming model of schooling decisions and obtain individual specific estimates of the local (and average) returns to schooling as well as the returns to experience....