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Adda, Jérôme; Dustmann, Christian; Stevens, Katrien - C.E.P.R. Discussion Papers - 2011

-friendly occupations. We estimate a dynamic life-cycle model of fertility, occupational choice, and labor supply using detailed survey and …-female wage gap as it evolves from labor market entry onward and the effect of pro-fertility policies. We show that a substantial … portion of the gender wage gap is explainable by realized and expected fertility and that the long-run effect of policies …

Persistent link: https://www.econbiz.de/10009385756

Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005

This paper analyses the welfare effects of changes in cross-sectional wage dispersion, using a class of tractable heterogeneous-agent economies. We emphasize a trade-off in the welfare calculation that arises when labour supply is endogenous. On the one hand, as wage uncertainty rises, so does...

Persistent link: https://www.econbiz.de/10005123728

Career Progression and Formal versus On-the-Job Training

Adda, Jérôme; Dustmann, Christian; Meghir, Costas; … - C.E.P.R. Discussion Papers - 2007

We develop a dynamic discrete choice model of training choice, employment and wage growth, allowing for job mobility, in a world where wages depend on firm-worker matches, as well as experience and tenure and jobs take time to locate. We estimate this model on a large administrative panel data...

Persistent link: https://www.econbiz.de/10005124058

The Cross-Sectional Implications of Rising Wage Inequality in the United States

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004

This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross-sectional distributions of hours worked, consumption and earnings. From 1967 to 1996 cross-sectional dispersion of earnings increased more than wage dispersion, due to a rise in the...

Persistent link: https://www.econbiz.de/10005656181

Consumption and Labour Supply with Partial Insurance: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2007

This paper develops an analytical framework to study consumption and labour supply in a rich class of heterogeneous-agent economies with partial insurance. The environment allows for trade in non-contingent and state-contingent bonds, for permanent and transitory idiosyncratic productivity...

Persistent link: https://www.econbiz.de/10005114147

Two Views of Inequality Over the Life-Cycle

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004

Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious information for answering questions about the ability of households to insure labor market risk and about the sources of this risk. This Paper demonstrates that the choice of whether...

Persistent link: https://www.econbiz.de/10005662083