\n",
" \n",
" delta | \n",
" delta | \n",
" 0.9500 | \n",
" discount factor | \n",
"
\n",
" \n",
" wage_a | \n",
" constant | \n",
" 9.2100 | \n",
" log of rental price | \n",
"
\n",
" \n",
" exp_edu | \n",
" 0.0380 | \n",
" return to an additional year of schooling | \n",
"
\n",
" \n",
" exp_a | \n",
" 0.0330 | \n",
" return to same sector experience | \n",
"
\n",
" \n",
" exp_a_square | \n",
" -0.0005 | \n",
" return to same sector, quadratic experience | \n",
"
\n",
" \n",
" exp_b | \n",
" 0.0000 | \n",
" return to other sector experience | \n",
"
\n",
" \n",
" exp_b_square | \n",
" 0.0000 | \n",
" return to other sector, quadratic experience | \n",
"
\n",
" \n",
" wage_b | \n",
" constant | \n",
" 8.4800 | \n",
" log of rental price | \n",
"
\n",
" \n",
" exp_edu | \n",
" 0.0700 | \n",
" return to an additional year of schooling | \n",
"
\n",
" \n",
" exp_b | \n",
" 0.0670 | \n",
" return to same sector experience | \n",
"
\n",
" \n",
" exp_b_square | \n",
" -0.0010 | \n",
" return to same sector, quadratic experience | \n",
"
\n",
" \n",
" exp_a | \n",
" 0.0220 | \n",
" return to other sector experience | \n",
"
\n",
" \n",
" exp_a_square | \n",
" -0.0005 | \n",
" return to other sector, quadratic experience | \n",
"
\n",
" \n",
" nonpec_edu | \n",
" constant | \n",
" 0.0000 | \n",
" constant reward for choosing education | \n",
"
\n",
" \n",
" at_least_twelve_exp_edu | \n",
" 0.0000 | \n",
" reward for going to college (tuition, etc.) | \n",
"
\n",
" \n",
" not_edu_last_period | \n",
" -4000.0000 | \n",
" reward for going back to school | \n",
"
\n",
" \n",
" nonpec_home | \n",
" constant | \n",
" 17750.0000 | \n",
" constant reward of non-market alternative | \n",
"
\n",
" \n",
" shocks_sdcorr | \n",
" sd_a | \n",
" 0.2000 | \n",
" Element 1,1 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" sd_b | \n",
" 0.2500 | \n",
" Element 2,2 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" sd_edu | \n",
" 1500.0000 | \n",
" Element 3,3 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" sd_home | \n",
" 1500.0000 | \n",
" Element 4,4 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" corr_b_a | \n",
" 0.0000 | \n",
" Element 2,1 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" corr_edu_a | \n",
" 0.0000 | \n",
" Element 3,1 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" corr_edu_b | \n",
" 0.0000 | \n",
" Element 3,2 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" corr_home_a | \n",
" 0.0000 | \n",
" Element 4,1 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" corr_home_b | \n",
" 0.0000 | \n",
" Element 4,2 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" corr_home_edu | \n",
" 0.0000 | \n",
" Element 4,3 of standard-deviation/correlation ... | \n",
"
\n",
" \n",
" lagged_choice_1_edu | \n",
" probability | \n",
" 1.0000 | \n",
" Probability that the first lagged choice is ed... | \n",
"
\n",
" \n",
" initial_exp_edu_10 | \n",
" probability | \n",
" 1.0000 | \n",
" Probability that the initial level of educatio... | \n",
"
\n",
" \n",
" maximum_exp | \n",
" edu | \n",
" 20.0000 | \n",
" Maximum level of experience for education (opt... | \n",
"
\n",
" \n",
"