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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
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
estimation methods in this investigation. We uncover a causal relationship between two of five measures of health and the wage in …We investigate two-way causality between health and the hourly wage by employing insights from the human capital and … which a reduction in health leads to an increase in the wage rate in a panel of U.S. young adults who had completed their …
Persistent link: https://www.econbiz.de/10012906526
Research on intergenerational income mobility is based on current income since data on lifetime income are typically not available for two generations. However, using snapshots of income over shorter periods causes a so-called life-cycle bias if the snapshots cannot mimic lifetime outcomes....
Persistent link: https://www.econbiz.de/10013125141
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
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
We investigate the relationship between life cycle wages and individual membership of unemployment insurance schemes in … Denmark. We separate permanent from transitory wages and characterise them using membership of unemployment insurance funds …
Persistent link: https://www.econbiz.de/10013088338
Most previous studies of intergenerational transmission of human capital are restricted to two generations – parents and their children. In this study we use a Swedish data set which enables us link individual measures of lifetime earnings for three generations and data on educational...
Persistent link: https://www.econbiz.de/10013107704
We consider the impact of tax credits and income support programs on female education choice, employment, hours and human capital accumulation over the life-cycle. We analyze both the short run incentive effects and the longer run implications of such programs. By allowing for risk aversion and...
Persistent link: https://www.econbiz.de/10013082137
capital, health, is also largely transmitted from generation to generation, contributing to limited socio-economic mobility …. Using data from the NLSY, we first present new evidence on intergenerational transmission of health outcomes in the U … native and immigrant children inherit a prominent fraction of their health status from their parents, and that, on average …
Persistent link: https://www.econbiz.de/10012999008