1997
DOI: 10.1086/262080
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The Career Decisions of Young Men

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Cited by 1,049 publications
(1,012 citation statements)
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References 20 publications
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“…32 The tax-rate τ that balances the government's budget in the absence of subsidies amounts to 0.069. Keane and Wolpin (1997) estimated rates of skill depreciation during unemployment: white collar workers lose about 30 percent of their skills after being unemployed for one year, whereas the number is about 10 percent for blue collar workers. 33 In Ljungqvist and Sargent (1998) the rate of depreciation of skills during unemployment is twice the rate of accumulation.…”
Section: Calibrationmentioning
confidence: 99%
“…32 The tax-rate τ that balances the government's budget in the absence of subsidies amounts to 0.069. Keane and Wolpin (1997) estimated rates of skill depreciation during unemployment: white collar workers lose about 30 percent of their skills after being unemployed for one year, whereas the number is about 10 percent for blue collar workers. 33 In Ljungqvist and Sargent (1998) the rate of depreciation of skills during unemployment is twice the rate of accumulation.…”
Section: Calibrationmentioning
confidence: 99%
“…13,14 In the context of the factor structure representation for earnings and costs, the contrast between the CHN approach to identifying components of intrinsic uncertainty and the approach followed in the literature is as follows. The traditional approach, as exemplified by Keane and Wolpin (1997), assumes that the θ i are known to the agent while the {ε 0,i,t , ε 1,i,t } T t=0 are not. 15 The CHN approach allows the analyst to determine which components of θ i and {ε 0,i,t , ε 1,i,t } T t=0 are known and acted on at the time schooling decisions are made.…”
Section: An Approach Based On Factor Structuresmentioning
confidence: 99%
“…In truth, schooling is a sequential decision process made with increasingly richer information sets at later stages of the choice process. Keane and Wolpin (1997) and Eckstein and Wolpin (1999) pioneered the estimation of dynamic discrete choice models for analyzing schooling choices. They assume a complete market environment and do not consider the range of possible alternative market structures facing agents.…”
Section: Models With Sequential Updating Of Informationmentioning
confidence: 99%
“…Although we do not directly observe the correlates of health responsible for the selection of individuals into different occupation, the literature suggests that factors such as overweight (Harris, 2015), gender, and risk preferences (Dohmen & Falk, 2011) play an important role. Our findings contribute to the literature on occupational sorting (Keane & Wolpin, 1997;DeLeire & Levy, 2004;Lee, 2005;Dohmen & Falk, 2011) by quantifying the contribution of health-related sorting into occupations in the association between occupation and health.…”
Section: Introductionmentioning
confidence: 65%