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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
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UID:diw_01.c.471955.en
LOCATION:Eleanor-Dulles-Raum,DIW Berlin im Quartier 110,5.2.010,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:The Role of Time Preferences in Educational Decision Making
DESCRIPTION:12:30 - 13:30 // The purpose of this paper is to evaluate the role time preferences play in educational decision making. In the presentation, I introduce a dynamic structural life-cycle model in which a forward-looking decision maker makes periodical decisions between continuing schooling and exiting to the labour force. The strategy of the underlying paper is to solve and estimate two versions of this model, one with an exponential, one with a hyperbolic discount factor, and compare subsequent model fit and outcomes from policy simulations. In the presentation, I show the solution to the exponential version and some cautious results of first estimation under some very basic specifications.
DTSTART;VALUE=DATE:20140716
DTEND;VALUE=DATE:20140716
DTSTAMP:20140715T220000Z
URL:https://www.diw.de/en/diw_01.c.471955.en/events/the_role_of_time_preferences_in_educational_decision_making.html
ORGANIZER;CN=Juliane Stahl:mailto:jstahl@diw.de
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