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Returns to Government Sponsored Training

Plesca, Miana; Kambourov, Gueorgui; Manovskii, Iourii - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005069403

The Welfare Consequences of the NBA: Superstar Markets and Human Capital Accumulation

Menzly, Lior; Kumar, Krishna B. - Society for Economic Dynamics - SED - 2004

superstar markets, in which small differences in skill translate into huge differences in earnings. Previous research has … of maximizing earnings per player and subject to a minimum requirement of players. Since this requirement is small, and …

Persistent link: https://www.econbiz.de/10005085459

Learning and the Return to Private Equity

Campanale, Claudio - Society for Economic Dynamics - SED - 2004

enjoying the more favorable self-employment earnings process. I calibrate the model and show that this mechanism can explain …-employment earnings process that is consistent with the results in Hamilton (2000) both in terms of average excess earnings over the ones … for paid-employees and in terms of a tenure profile of entrepreneurial earnings that starts below and then overtakes the …

Persistent link: https://www.econbiz.de/10005085472

Human Capital Portfolios and the Distribution of Earnings

Smith, Eric - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005051387

Estimating a General Equilibrium Model of Intersectoral Mobility with Aggregate Shocks

Lee, Donghoon; Wolpin, Kenneth - Society for Economic Dynamics - SED - 2004

earnings, within and between cohorts observed in the US between 1968 and 1993. Based on the estimates of the model, the impacts …

Persistent link: https://www.econbiz.de/10005090875

Occupational Specificity of Human Capital

Manovskii, Iourii; Kambourov, Gueorgui - Society for Economic Dynamics - SED - 2004

In this paper we document substantial returns to occupational tenure. Everything else being constant, ten years of occupational tenure are likely to increase wages by at least $19\%$. Moreover, we show that when occupational experience is taken into account, tenure with an industry or an...

Persistent link: https://www.econbiz.de/10005090910

Understanding Wage Inequality: Ben-Porath Meets Skill-Biased Technical Change

Guvenen, Fatih; Kuruscu, Burhanettin - Society for Economic Dynamics - SED - 2006

This paper introduces a tractable general equilibrium overlapping-generations model of human capital accumulation, and shows that it provides a consistent explanation of several key features of the evolution of the U.S. wage distribution from 1970 to 2000. The framework is based on the...

Persistent link: https://www.econbiz.de/10005069204

Career Choice and Wage Growth

Pavan, Ronni - Society for Economic Dynamics - SED - 2006

This paper develops and estimates a search model in which career-specific and firm-specific matches determine job mobility and wage growth. Each worker-firm and worker-career relationship is characterized by a match that evolves stochastically over time. At each period, a worker has three...

Persistent link: https://www.econbiz.de/10005069217

Labor Market Complementarity: A Perspective on Inequality and Productivity Dynamics

Jeong, Hyeok; Kim, Yong; Manovskii, Iourii - Society for Economic Dynamics - SED - 2006

puzzle" of the late 1970's to early 1990's. By estimating earnings equations implied by our theory, we measure the …

Persistent link: https://www.econbiz.de/10005069246

Technological Change in the Production of Human Capital: Implications for Human Capital Stocks, Wages and Skill Differentials

Robinson, Chris; Bowlus, Audra J. - Society for Economic Dynamics - SED - 2004

In this paper we explicitly model and estimate an education system that produces human capital. An important innovation is that technological change in the production functions associated with any level of education is permitted and the rate of change may be different at different levels and for...

Persistent link: https://www.econbiz.de/10005069560