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18,403
Does Compulsory School Attendance Affect Schooling and Earnings?
, 1990
"... This paper presents evidence showing that individuals' season of birth is related to their educational attainment because of the combined effects of school start age policy and compulsory school attendance laws. In most school districts, individuals born in the beginning of the year start sc ..."
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Cited by 662 (13 self)
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variables estimate of the rate of return to education is remarkably close to the ordinary least squares estimate, suggesting that there is little ability bias in conventional estimates of the return to education. The results also imply that individuals who are compelled to attend school longer than
A closedform solution for options with stochastic volatility with applications to bond and currency options
 Review of Financial Studies
, 1993
"... I use a new technique to derive a closedform solution for the price of a European call option on an asset with stochastic volatility. The model allows arbitrary correlation between volatility and spotasset returns. I introduce stochastic interest rates and show how to apply the model to bond option ..."
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Cited by 1512 (6 self)
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I use a new technique to derive a closedform solution for the price of a European call option on an asset with stochastic volatility. The model allows arbitrary correlation between volatility and spotasset returns. I introduce stochastic interest rates and show how to apply the model to bond
Using Maimonides’ Rule to Estimate the Effect of Class Size on Scholastic Achievement
 QUARTERLY JOURNAL OF ECONOMICS
, 1999
"... The twelfth century rabbinic scholar Maimonides proposed a maximum class size of 40. This same maximum induces a nonlinear and nonmonotonic relationship between grade enrollment and class size in Israeli public schools today. Maimonides’ rule of 40 is used here to construct instrumental variables e ..."
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Cited by 582 (40 self)
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The twelfth century rabbinic scholar Maimonides proposed a maximum class size of 40. This same maximum induces a nonlinear and nonmonotonic relationship between grade enrollment and class size in Israeli public schools today. Maimonides’ rule of 40 is used here to construct instrumental variables
Calibrating noise to sensitivity in private data analysis
 In Proceedings of the 3rd Theory of Cryptography Conference
, 2006
"... Abstract. We continue a line of research initiated in [10, 11] on privacypreserving statistical databases. Consider a trusted server that holds a database of sensitive information. Given a query function f mapping databases to reals, the socalled true answer is the result of applying f to the datab ..."
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Cited by 649 (60 self)
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to the database. To protect privacy, the true answer is perturbed by the addition of random noise generated according to a carefully chosen distribution, and this response, the true answer plus noise, is returned to the user. Previous work focused on the case of noisy sums, in which f =P i g(xi), where xi denotes
Typesetting Concrete Mathematics
 TUGBOAT
, 1989
"... ... tried my best to make the book mathematically interesting, but I also knew that it would be typographically interestingbecause it would be the first major use of a new typeface by Hermann Zapf, commissioned by the American Mathematical Society. This typeface, called AMS Euler, had been carefull ..."
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Cited by 661 (1 self)
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carefully digitized and put into METAFONT form by Stanford's digital typography students [a]; but it had not yet been "tuned up " for real applications. My new book served as an ideal test case, because (1) it involved a great variety of mathematical formulas; (2) I was highly motivated
Estimating Wealth Effects without Expenditure Data— or Tears
 Policy Research Working Paper 1980, The World
, 1998
"... Abstract: We use the National Family Health Survey (NFHS) data collected in Indian states in 1992 and 1993 to estimate the relationship between household wealth and the probability a child (aged 6 to 14) is enrolled in school. A methodological difficulty to overcome is that the NFHS, modeled closely ..."
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Cited by 871 (16 self)
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Abstract: We use the National Family Health Survey (NFHS) data collected in Indian states in 1992 and 1993 to estimate the relationship between household wealth and the probability a child (aged 6 to 14) is enrolled in school. A methodological difficulty to overcome is that the NFHS, modeled
Using Geographic Variation in College Proximity to Estimate the Return to Schooling
 Progress on Some Persistent Econometric Problems.” Econometrica 69 (September
, 1993
"... Although schooling and earnings are highly correlated, social scientists have argued for decades over the causal effect of education. A convincing analysis of the causal link between education and earnings requires an exogenous source of variation in education outcomes. This paper explores the use o ..."
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Cited by 414 (2 self)
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are concentrated among men with poorlyeducated parents  men who would otherwise stop schooling at relatively low levels. When college proximity is taken as an exogenous determinant of schooling the implied instrumental variables estimates of the return to schooling are 2560% higher than conventional ordinary
Hierarchical Modelling and Analysis for Spatial Data. Chapman and Hall/CRC,
, 2004
"... Abstract Often, there are two streams in statistical research one developed by practitioners and other by main stream statisticians. Development of geostatistics is a very good example where pioneering work under realistic assumptions came from mining engineers whereas it is only now that statisti ..."
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Cited by 442 (45 self)
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of the Center for Mathematical Morphology at the Paris School of Mines, attracted my attention. They seemed to be breathing new life into the application of statistics to geology and mining. As a result, I spent a lot of time persuading Englishspeaking geologists and statisticians that this was so, while trying
Policy gradient methods for reinforcement learning with function approximation.
 In NIPS,
, 1999
"... Abstract Function approximation is essential to reinforcement learning, but the standard approach of approximating a value function and determining a policy from it has so far proven theoretically intractable. In this paper we explore an alternative approach in which the policy is explicitly repres ..."
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Cited by 439 (20 self)
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policy. Large applications of reinforcement learning (RL) require the use of generalizing function approximators such neural networks, decisiontrees, or instancebased methods. The dominant approach for the last decade has been the valuefunction approach, in which all function approximation effort goes
Technical Change, Inequality, and The Labor Market
 Journal of Economic Literature
, 2002
"... This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skillbiased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an acceleration ..."
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Cited by 425 (6 self)
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This essay discusses the effect of technical change on wage inequality. I argue that the behavior of wages and returns to schooling indicates that technical change has been skillbiased during the past sixty years. Furthermore, the recent increase in inequality is most likely due to an acceleration
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