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Heterogeneity in the Production of Human Capital

Polachek, Solomon W. - 2013

We derive a tractable nonlinear earnings function which we estimate separately for each individual in the NLSY79 data. These estimates yield five important parameters for each individual: three ability measures (two representing the ability to learn and one the ability to earn), a rate of skill...

Persistent link: https://www.econbiz.de/10013083361

Earnings Over the Life Cycle : The Mincer Earnings Function and its Applications

Polachek, Solomon W. - 2021

In 1958 Jacob Mincer pioneered an important approach to understand how earnings are distributed across the population. In the years since Mincer's seminal work, he as well as his students and colleagues extended the original human capital model, reaching important conclusions about a whole array...

Persistent link: https://www.econbiz.de/10013316685

Post Schooling Human Capital Investments and the Life Cycle Variance of Earnings

Magnac, Thierry - 2013

We propose an original model of human capital investments after leaving school in which individuals differ in their initial human capital obtained at school, their rate of return, their costs of human capital investments and their terminal values of human capital at a fixed date in the future....

Persistent link: https://www.econbiz.de/10013081797

The Rate of Learning-By-Doing : Estimates from a Search-Matching Model

Prat, Julien - 2021

We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and … Survey data on accepted wages and employment durations. We show that it captures almost perfectly the joint distribution of … wages and job spells. We find that the rate of learning-by-doing has an important positive effect on aggregate output and a …

Persistent link: https://www.econbiz.de/10013317075

The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation

Adda, Jérôme; Dustmann, Christian; Görlach, Joseph-Simon - 2022

acquisition, with important implications for the assessment of immigrants' career paths and the estimation of their earnings … profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives …

Persistent link: https://www.econbiz.de/10014088604

Household Search or Individual Search : Does it Matter? Evidence from Lifetime Inequality Estimates

Flabbi, Luca - 2012

ignoring the household as unit of decision-making has relevant empirical consequences. In estimation, the individual search …

Persistent link: https://www.econbiz.de/10013099113

How Fast Do Wages Adjust to Human-Capital Productivity? Dynamic Panel-Data Evidence from Belgium, Denmark and Finland

Andini, Corrado - 2009

The standard human-capital model is based on the assumption that the observed wage of an individual is equal to the monetary value of the individual net human-capital productivity, the so-called net potential wage. We argue that this assumption is rejected by the ECHP data for Belgium, Denmark...

Persistent link: https://www.econbiz.de/10013153500

The Timing of Careers and Human Capital Depreciation

Kunze, Astrid - 2021

This paper explores the short and long run effects of career interruptions on wages for young skilled workers in West …

Persistent link: https://www.econbiz.de/10013320493

Why is Old Workers' Labor Market More Volatile? Unemployment Fluctuations Over the Life-Cycle

Hairault, Jean-Olivier - 2014

-life expectancy endogenously reduces their outside options and leads their wages to be less sensitive to the business cycle. Thus, in …

Persistent link: https://www.econbiz.de/10013055568

Lifetime Earnings Inequality in Germany

Bönke, Timm - 2011

This paper documents the magnitude, pattern, and evolution of lifetime earnings inequality in Germany. Based on a large sample of earning biographies from social security records, we show that the intra-generational distribution of lifetime earnings of male workers has a Gini coefficient around...

Persistent link: https://www.econbiz.de/10013119299