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We estimate a dynamic model of employment, human capital accumulation - including education, and savings for women in the UK, exploiting policy changes. We analyze both the incentive effects and the welfare implications of tax credits and income support programs and we account for their...
Persistent link: https://www.econbiz.de/10011254925
A large portion of the variation in wages and wage growth rates among individuals is due to "unobserved" heterogeneity … sources of heterogeneity (both of which can clearly account for the variation in wages and wage growth rates): learning … ability and workers' inter-temporal preferences (discounting). We apply this test to the large observed differences in wages …
Persistent link: https://www.econbiz.de/10005580675
This paper analyzes the career progression of skilled and unskilled workers, with a focus on how careers are affected by economic downturns and whether formal skills, acquired early on, can shield workers from the effect of recessions. Using detailed administrative data for Germany for numerous...
Persistent link: https://www.econbiz.de/10010618278
While several types of mental illness, including substance abuse disorders, have been linked with poor labor market outcomes, no current research has been able to examine the effects of childhood ADHD. As ADHD has become one of the most prevalent childhood mental conditions, it is useful to...
Persistent link: https://www.econbiz.de/10011105938
second moments of the joint distribution over individual wages, consumption and hours. …
Persistent link: https://www.econbiz.de/10005050143
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/10005037702
Knowledge generation is key to economic growth, and scientific prizes are designed to encourage it. But how does winning a prestigious prize affect future output? We compare the productivity of Fields medalists (winners of the top mathematics prize) to that of similarly brilliant contenders. The...
Persistent link: https://www.econbiz.de/10010950810
This paper investigates the question whether long-term human capital outcomes are affected by the duration of maternity leave, i.e. by the time mothers spend at home with their newborn before returning to work. Employing RD and difference-in-difference approaches, this paper exploits an...
Persistent link: https://www.econbiz.de/10010951144
In this chapter I provide a brief history of the TANF program, including changes made as part of the 2005 Deficit Reduction Act. I then present a variety of program statistics, including trends in aggregate and state-level caseloads and spending, along with changes in the demographic composition...
Persistent link: https://www.econbiz.de/10011271423
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...
Persistent link: https://www.econbiz.de/10011252666