Huggett, Mark; Ventura, Gustavo; Yaron, Amir - 2007
experienced over the working lifetime? We answer this question within a model that features idiosyncratic shocks to human capital …, estimated directly from data, as well as heterogeneity in ability to learn, initial human capital, and initial wealth … do differences in shocks received over the lifetime. Among initial conditions, variation in initial human capital is …