Similar Search Results

The contributions of search and human capital to earnings growth over the life cycle

Bowlus, Audra J.; Liu, Huju - 2012

This paper presents and estimates a unified model where both human capital investment and job search are endogenized. This unification enables us to quantify the relative contributions of each mechanism to life cycle earnings growth, while investigating potential interactions between human...

Persistent link: https://www.econbiz.de/10009490100

Exposita Notes : Neoclassical Life-Cycle Consumption: A Textbook Example

Butler, Monika - 2001

We present a simple neoclassical life-cycle model in continuous time, in which the effects of endogenous labor supply, uncertain lifetime, and family composition on consumption and income profiles are jointly analyzed. Due to a parsimonious specification, analytical solutions for consumption...

Persistent link: https://www.econbiz.de/10014141787

How important is health inequality for lifetime earnings inequality?

Hosseini, Roozbeh; Kopecky, Karen A.; Zhao, Kai - 2021

Using a dynamic panel approach, we provide empirical evidence that negative health shocks reduce earnings. The effect … health. We build a dynamic, general equilibrium, life cycle model that is consistent with these findings. In the model …, individuals whose health is risky and heterogeneous choose to either work, or not work and apply for social security disability …

Persistent link: https://www.econbiz.de/10012392392

Time preferences over the life cycle

Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2020

We study whether and how time preferences change over the life cycle, exploiting representative long-term panel data. In order to disentangle age effects from cohort and period factors, we estimate individual fixed-effects models, substituting period effects with period specific determinants of...

Persistent link: https://www.econbiz.de/10012303352

Time preferences over the life cycle

Kureishi, Wataru; Paule-Paludkiewicz, Hannah; … - 2020

We study whether and how time preferences change over the life cycle, exploiting representative long-term panel data. We estimate the age patterns of discount rates from age 25 to 80. In order to identify age effects, we have to disentangle them from cohort and period factors. We address this...

Persistent link: https://www.econbiz.de/10012170434

Early life circumstances and life cycle labor market outcomes

Flores, Manuel; Garcia-Gomez, Pilar; Kalwij, Adriaan - 2015

We investigate how early life circumstances - childhood health and socioeconomic status (SES) - are associated with … Survey of Health, Aging and Retirement in Europe, which contains retrospective information on early life circumstances and … over their working life. We also find a smaller, positive long-term association between childhood health and lifetime …

Persistent link: https://www.econbiz.de/10011303594

Early life circumstances and labor market outcomes over the life cycle

Flores, Manuel; García Gómez, Pilar; Kalwij, Adriaan - In: Journal of economic inequality 18 (2020) 4, pp. 449-468

Persistent link: https://www.econbiz.de/10012296845

Post Schooling Human Capital Investments and the Life Cycle Variance of Earnings

Magnac, Thierry - 2013

We propose an original model of human capital investments after leaving school in which individuals differ in their initial human capital obtained at school, their rate of return, their costs of human capital investments and their terminal values of human capital at a fixed date in the future....

Persistent link: https://www.econbiz.de/10013081797

The health hump

Strulik, Holger - 2015

integrates health in the utility function and utilizes recent estimates on the effects of health on the marginal utility of …

Persistent link: https://www.econbiz.de/10011375688

Time inconsistency and retirement choice

Scott, Findley, T.; Caliendo, Frank - 2015

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of why people borrow so much and why they wait so long to save for retirement. We reach a different set of conclusions. We show that if financial planning is enriched to include...

Persistent link: https://www.econbiz.de/10010479952