Bick, Alexander; Blandin, Adam; Rogerson, Richard Donald - National Bureau of Economic Research - 2024
an important source of inequality in lifetime earnings. To establish this we develop and calibrate a rich heterogeneous … calibrated model implies that almost 20 percent of the variance in lifetime earnings is accounted for by differences in lifetime … lifetime earnings via two channels: a direct channel (more hours spent in production at given productivity) and a human capital …