Similar Search Results

Unequal we stand: an empirical analysis of economic inequality in the United States, 1967-2006

Heathcote, Jonathan; Perri, Fabrizio; Violante, Giovanni L. - Federal Reserve Bank of Minneapolis - 2009

follow the mapping suggested by the household budget constraint from individual wages to individual earnings, to household …

Persistent link: https://www.econbiz.de/10008610994

Taxation of human capital and wage inequality: a cross-country analysis

Guvenen, Fatih; Kuruscu, Burhanettin; Ozkan, Serdar - Federal Reserve Bank of Minneapolis - 2009

turn reducing the cross-sectional dispersion of (before-tax) wages. We find that these policies can account for half of the …

Persistent link: https://www.econbiz.de/10008610996

Supplementary appendix: Careers in firms: estimating a model of learning, job assignment, and human capital aquisition

Pastorino, Elena - Federal Reserve Bank of Minneapolis - 2012

In this appendix I present details of the model and of the empirical analysis and results of counterfactual experiments omitted from the paper. In Section 1 I describe a simple example that illustrates how, even in the absence of (technological) human capital acquisition, productivity shocks, or...

Persistent link: https://www.econbiz.de/10011026984

Careers in firms: estimating a model of learning, job assignment, and human capital aquisition

Pastorino, Elena - Federal Reserve Bank of Minneapolis - 2012

This paper develops and structurally estimates an equilibrium model of the labor market that integrates learning, job assignment, and human capital acquisition to account for the main patterns of job and wage mobility characteristic of careers in firms. A key innovation is the modeling of...

Persistent link: https://www.econbiz.de/10011026993

Analyzing the Labor Market Outcomes of Occupational Licensing

Kleiner, Morris M.; Gittleman, Maury; Klee, Mark - Federal Reserve Bank of Minneapolis - 2014

Recent assessments of occupational licensing have shown varying effects of the institution on labor market outcomes. This study revisits the relationship between occupational licensing and labor market outcomes by analyzing a new topical module to the Survey of Income and Program Participation...

Persistent link: https://www.econbiz.de/10010939372

A quantitative analysis of the evolution of the U.S. wage distribution, 1970-2000

Guvenen, Fatih; Kuruscu, Burhanettin - Federal Reserve Bank of Minneapolis - 2009

In this paper, we construct a parsimonious overlapping-generations model of human capital accumulation and study its quantitative implications for the evolution of the U.S. wage distribution from 1970 to 2000. A key feature of the model is that individuals differ in their ability to accumulate...

Persistent link: https://www.econbiz.de/10004967521

Consumption and labor supply with partial insurance: an analytical framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - Federal Reserve Bank of Minneapolis - 2009

initial heterogeneity in wages and preferences. Equilibrium allocations and variances and covariances of wages, hours and … wages and hours, and cross-sectional data on consumption. The model is estimated on US data. Second moments involving hours …

Persistent link: https://www.econbiz.de/10004967522

Joint-search theory: new opportunities and new frictions

Guler, Bulent; Guvenen, Fatih; Violante, Giovanni L. - Federal Reserve Bank of Minneapolis - 2009

Search theory routinely assumes that decisions about the acceptance/rejection of job offers (and, hence, about labor market movements between jobs or across employment states) are made by individuals acting in isolation. In reality, the vast majority of workers are somewhat tied to their...

Persistent link: https://www.econbiz.de/10004967525

A theory of outsourcing and wage decline

Holmes, Thomas J.; Snider, Julia Thornton - Federal Reserve Bank of Minneapolis - 2009

wages than the specialist producers of labor-intensive intermediates. We derive conditions under which there are multiple … equilibria that vary in the degree of outsourcing. Across these equilibria, wages are lower the greater the degree of outsourcing …. Wages fall when outsourcing increases in response to a decline in the outsourcing friction. …

Persistent link: https://www.econbiz.de/10005004157

Labor contracts in a model of imperfect competition

Chari, V.V.; Jones, Larry E.; Manuelli, Rodolfo E. - Federal Reserve Bank of Minneapolis - 1989

We propose a definition of involuntary unemployment which differs from that traditionally used in implicit labor contract theory. We say that a worker is involuntarily unemployed if the marginal wage implied by the optimal contract exceeds the marginal rate of substitution between leisure and...

Persistent link: https://www.econbiz.de/10005367683