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ECON 139 set 6 (24 pages)

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ECON 139 set 6


Lecture number:
Lecture Note
University of California, San Diego
Econ 139 - Labor Economics

Unformatted text preview:

Thank you for supporting the Associated Students Lecture Notes Service by purchasing A.S. Lecture Notes. In order to continue providing quality notes and services to you, you can fill out our survey online at www.tinyurl.com/ASLN-Survey. The survey will provide us with the feedback we need to improve our services and the quality of our notes. A.S. Lecture Notes is in the process of hiring note-takers for Fall Quarter 2015. Starting week 8, applications are available at the A.S. Lecture Notes Office, or online at www.lecturenotes.ucsd.edu. I encourage you to apply for the note-taker position or pass the word on to a friend. Why should you be a note-taker? Note-taking gives you the chance to meet and interact with professors. It is also a great addition to your resume. The hours are flexible, meaning you can prepare your notes on your own time, which is a definite bonus for the busy student lifestyle. The position pays $10.00/hour, which includes payment for class time and also the time it takes you to prepare your notes at home. In order to be a note-taker, you must have a cumulative grade point average of at least a 3.0. Also, upon being hired, note-takers must receive permission from the professor to take notes for his/her class. Please refer to the application for further information, or e-mail the A.S. Lecture Notes office at as-lecture- [email protected] Applications are due WEDNESDAY of FINALS WEEK by 5pm! Thank you in advance for considering this worthwhile opportunity. Sincerely, Haleigh McVey Manager, A.S. Lecture N ECON 139 SP ‘15 Antonovics 6 May 5, 2015 Compensating Wage Differentials Not All Jobs Are Created Equal • Risk of death or injury on the job. • Location. • Flexibility of hours. • Health benefits. • Pension plans. • Repetitiveness of tasks. • Weeks of vacation. • Risk of being laid off. Page 2 of 24 ECON 139 SP ‘15 Antonovics 6 5-5-15 1 Page 23 of 24 Estimates of the Returns to Schooling • Standard estimates control for: age, experience, gender, race and some measure of IQ. • Returns to an additional year of schooling estimated to be about 9%. • Still possible that there is some ability bias. Controlling for Ability Bias Studies Using Identical Twins •Ashenfelter and Krueger (1994): Survey twins at a “twins festival” in Ohio. – Ask twins about level of schooling and earnings. – Estimate that the returns to an additional year of school within twins is 12­16%. • Strange that returns increase. • Why do twins get different levels of schooling? Maybe one of them is more motivated. Twins are not actually identical, they make different decisions. Page 24 of 24

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