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top of the education and income distribution (upward mobility) has increased. On the other hand, for children whose …
Persistent link: https://www.econbiz.de/10014507194
The purpose of this paper is to demonstrate that inherited human capital is a powerful vector of inequality formation and persistence, irrespective of its links with financial wealth endowment. This paper argues that the agents who inherit a low level of human capital bear a greater utility cost...
Persistent link: https://www.econbiz.de/10014059084
We construct a dynamic general equilibrium model with occupation mobility, human capital accumulation and endogenous assignment of workers to tasks to quantitatively assess the aggregate impact of automation and other task-biased technological innovations. We extend recent quantitative general...
Persistent link: https://www.econbiz.de/10011998090
This chapter discusses the large literature and numerous issues regarding education-related differences in income in …, empirical analyses concentrated directly on education-related differences in earnings. The human capital revolution of the late … 1950s/early 1960s greatly expanded the research on education and income and shifted the focus to wages. The human capital …
Persistent link: https://www.econbiz.de/10014023737
I use the European Community Household Panel to ask whether unemployment affects the relationship between education and … subsequent earnings growth. show that individuals with more education have more to lose in terms of subsequent earnings growth … from the experience of unemployment. This result partially compensates the fact that more education reduces the incidence …
Persistent link: https://www.econbiz.de/10011402355
A method is presented that allows to separate the total labor income into parts of basic labor and human capital using annual micro data. As results yearly total income shares of physical and human capital and labor are obtained for a single country. The method is applied to Germany using micro...
Persistent link: https://www.econbiz.de/10010425827
Micro data are used to separate the wage income of employed workers into components of basic labor and human capital. Further on the wage components of the self employed are determined taking into account their higher qualification and longer working hours. The fractions of these wage components...
Persistent link: https://www.econbiz.de/10010425831
This paper uses Census microdata linked with tax records to quantify the contribution of career choices - occupations and fields of study - to intergenerational income mobility. We document substantial segregation into occupations by parental income. Yet, the occupations children pursue explain...
Persistent link: https://www.econbiz.de/10014310928
especially among skilled individuals will soon become relevant for a country's economy. Also of importance is education of … education worsens the situation. Therefore family planning as well as fertility providing and educational measures are of major … education of their parents by using a Cobb-Douglas utility function which implies that children and consumption are …
Persistent link: https://www.econbiz.de/10012720795
Indonesia ranks sixth globally in terms of wealth distribution inequality. Changes in human capital development may affect labor force efficiency and productivity as well as wages and income inequality levels. This study applies a nonlinear autoregressive distributed lag (NARDL) model to data...
Persistent link: https://www.econbiz.de/10014500316