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Individual Earnings and Family Income : Dynamics and Distribution
Altonji, Joseph G.; Hynsjö, Disa M.; Vidangos, Ivan - National Bureau of Economic Research - 2022
We review research on the dynamics and distribution of individual earnings and family income. We start with univariate … earnings models, which dominate the literature and are often used as the exogenous component of family income in structural … model parameters. The recent work provides a much richer description of the nature of earnings volatility than the basic …
Persistent link: https://www.econbiz.de/10013210123
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Toward an Understanding of the Returns to Cognitive Skills Across Cohorts
Hellerstein, Judith K.; Luo, Sai; Urzua, Sergio - National Bureau of Economic Research - 2024
Recent research concludes that wage returns to cognitive skills have declined in the U.S. We reassess this finding. Using decomposition methods, we document the pivotal role played by dynamic shifts in the distributions of pre-labor market cognitive skills. Our findings show these shifts explain...
Persistent link: https://www.econbiz.de/10014512083
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Task Mismatch and Salary Penalties : Evidence from the Biomedical PhD Labor Market
Diethorn, Holden A.; Marschke, Gerald - National Bureau of Economic Research - 2023
We use the labor market for doctorates in the biomedical sciences, where career dislocation is common, as a case study of skill-task mismatch and its consequences. Using longitudinal, worker-level data on biomedical doctorates, we investigate mismatch as an explanation for the negative pecuniary...
Persistent link: https://www.econbiz.de/10014226116
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Instrumental Variables with Unordered Treatments : Theory and Evidence from Returns to Fields of Study
Heinesen, Eskil; Hvid, Christian; Kirkebøen, Lars J.; … - National Bureau of Economic Research - 2022
these results, we estimate and compare the earnings payoffs to post-secondary fields of study in Norway and Denmark. In each …
Persistent link: https://www.econbiz.de/10013435136
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Parenting Promotes Social Mobility Within and Across Generations
García García-Menéndez, Jorge Luis; Heckman, James J. - National Bureau of Economic Research - 2022
-cognitive skills. Participants in programs that enrich home environments grow up with better skills, jobs, earnings, marital stability … programs with long-run follow up that we analyze would substantially shrink the overall US Black-White earnings gap …
Persistent link: https://www.econbiz.de/10013435172
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Labor Supply and Occupational Choice
Erosa, Andrés; Fuster, Luisa; Kambourov, Gueorgui; … - National Bureau of Economic Research - 2022
We document a robust negative relationship between mean annual hours in an occupation and the dispersion of annual hours within that occupation. We study a unified model of occupational choice and labor supply that features heterogeneity across occupations in the return to working additional...
Persistent link: https://www.econbiz.de/10013388848
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Global Trends in Income Inequality and Income Dynamics : New Insights from GRID
Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L. - National Bureau of Economic Research - 2022
The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully...
Persistent link: https://www.econbiz.de/10013388880
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The Quality of Lower-Track Education : Evidence from Britain
Clark, Damon - National Bureau of Economic Research - 2022
-track schools. Second, using new data, I show that for both men and women, the additional schooling induced by the reform had close … to zero impact on a range of labor market outcomes including earnings. Third, I show that lower-track schools featured …
Persistent link: https://www.econbiz.de/10013334393
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On the Role of Learning, Human Capital, and Performance Incentives for Wages
Camargo, Braz; Lange, Fabian; Pastorino, Elena - National Bureau of Economic Research - 2022
Performance pay in general amounts to only a small fraction of total pay. In this paper, we show that performance pay is nevertheless important for the level and dynamics of wages over the life cycle because of the incentives it indirectly provides for human capital acquisition and because of...
Persistent link: https://www.econbiz.de/10013334409
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Supply, Demand, Institutions, and Firms : A Theory of Labor Market Sorting and the Wage Distribution
Haanwinckel, Daniel - National Bureau of Economic Research - 2023
) increased entry of high-wage firms boosts the effect of rising schooling attainment on mean log wages by 25%, and (iii) the …
Persistent link: https://www.econbiz.de/10014322706