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What Does Human Capital Do? A Review of Goldin and Katz's The Race between Education and Technology
Acemoglu, Daron - 2012
Goldin and Katz's <i>The Race between Education and Technology</i> is a monumental achievement that supplies a unified framework for interpreting how the demand and supply of human capital have shaped the distribution of earnings in the U.S. labor market over the 20th century. This essay reviews the...
Persistent link: https://www.econbiz.de/10012460838
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Intra-Household Insurance and the Intergenerational Transmission of Income Risk
Agostinelli, Francesco; Ferraro, Domenico; Qiu, Xincheng; … - National Bureau of Economic Research - 2024
This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and...
Persistent link: https://www.econbiz.de/10014468296
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"Golden Ages" : A Tale of the Labor Markets in China and the United States
Fang, Hanming; Qiu, Xincheng - National Bureau of Economic Research - 2021
We study the labor markets in China and the United States, the two largest economies in the world, by examining the … U.S., but decreased sharply from 55 to around 35 in China; second, the age-specific earnings grew drastically in China … similar in the U.S., but differed substantially in China. We propose and empirically implement a decomposition framework to …
Persistent link: https://www.econbiz.de/10012696432