This paper provides a human capital theory-based explanation for the presence of a permanent component in earnings levels as well as individual heterogeneity in earnings slopes. We incorporate uncertainty about the future rental rates of human capital into a life-cycle human capital investment...

This paper presents a new test for the family investment hypothesis (FIH). We show that a simple two-period labor supply model produces testable implications on the work hours and occupational choices for married women. In credit-constrained households, to support the family, married women work...

Previous papers on testing for statistical discrimination require variables that employers do not observe directly, but are observed by researchers or data on employer-provided performance measures. This paper develops a test that does not rely on these specific variables. The proposed test can...

This paper investigates the time to first birth treating coresidence with husband's parents and labor force participation as endogenous using representative data on Taiwanese married women born over 1933-1968. We utilize a full information maximum likelihood estimator for a duration model with...

Count models often best describe the nature of data in health economics, but the presence of fixed effects with excess zeros and overdispersion strictly limits the choice of estimation methods. This paper presents a quasi-conditional likelihood method to consistently estimate models with excess...

This paper takes a new approach to testing whether employer learning is public or private. We show that public and private learning schemes make two distinct predictions about the curvature of wage growth paths when there is a job change, because the amount of information transferred to a new...

This paper develops a method that accounts for non-ignorable sample attrition in the presence of population attrition for use with a non-representative panel sample. The method is applied to obtain attrition-correcting weights for the native and immigrant samples in the matched Current...

This paper presents new evidence on whether foreign-born workers assimilate. While the existing literature focuses on the convergence/divergence of mean wages, this study extends the analysis to the distribution of wages by looking at wage mobility. We draw on a first-order Markov-switching...

This paper presents new evidence on whether foreign-born workers assimilate, which we define as the degree to which the wages of foreign-born workers approach those of comparable native-born workers with additional time spent in the United States. The key econometric challenge is to separate...