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Welfare Reform, Returns to Experience, and Wages: Using Reservation Wages to Account for Sample Selection Bias

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NBER2005-09-01 更新2025-01-04 收录
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Work was one of the central motivations for welfare reform during the 1990s. One important rationale for work was based on human capital theory: work today should raise experience tomorrow, which in turn should raise future wage offers and reduce dependency on aid. Despite the importance of the this

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2005-09-01
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