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Human Capital Acquisition And Occupational Choice
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Book Synopsis Human Capital Acquisition and Occupational Choice by : Martí Mestieri
Download or read book Human Capital Acquisition and Occupational Choice written by Martí Mestieri and published by . This book was released on 2017 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using household-level data from Mexico we document patterns among schooling, entrepreneurial decisions and household characteristics such as assets, talent of household members and age of the household head. Motivated by our findings, we develop a heterogeneous-agent, incomplete-markets, overlapping-generations dynasty model. Households jointly decide over their life cycle on (i) kids' human capital investments (schooling) and (ii) parents' entry, exit and investment into alternative entrepreneurial modes (subsistence and modern). With financial constraints all of these are co-determined. A calibrated version of our model can account for the broad correlation patterns uncovered in the data within and across generations, e.g., a non-monotonic relationship between educational choices and assets across occupations, growth in profits and employment for modern firms only, and dynastic persistence across generations in education and wealth. Endogenous human capital acquisition is a key driver of inequality and intergenerational persistence. Eliminating this channel would decrease the top 10% income share by 47%. Eliminating within-period borrowing constraints would increase average household expenditure by 7.1% and benefit the middle class, reducing top and bottom expenditure shares. It would also reduce by 28% the correlation between household assets and kids' schooling levels.
Book Synopsis Occupational Choice and the Dynamics of Human Capital, Inequality and Growth by : Maximiliano A. Dvorkin
Download or read book Occupational Choice and the Dynamics of Human Capital, Inequality and Growth written by Maximiliano A. Dvorkin and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Educational and Occupational Choice by : Gillian Hutchinson
Download or read book Educational and Occupational Choice written by Gillian Hutchinson and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Human Capital and Occupational Choice by : Morton Paglin
Download or read book Human Capital and Occupational Choice written by Morton Paglin and published by . This book was released on 1986 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Perspectives on Human Capital by : Anna Sjögren
Download or read book Perspectives on Human Capital written by Anna Sjögren and published by . This book was released on 1998 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Occupational Choice, Human Capital, and Financial Constraints by : Rui Castro
Download or read book Occupational Choice, Human Capital, and Financial Constraints written by Rui Castro and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Adapting to Change by : Matthew James Wiswall
Download or read book Adapting to Change written by Matthew James Wiswall and published by . This book was released on 2005 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis An Empirical Investigation of Occupational Choice and Human Capital Accumulation at Mid-life by : Yu Xue
Download or read book An Empirical Investigation of Occupational Choice and Human Capital Accumulation at Mid-life written by Yu Xue and published by . This book was released on 2010 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study contributes to the synchronization of the education system and the labor market. The results encourage individuals to seek out the types of human-capital accumulation that promote their career aspirations and motivate policy-makers to efficiently evaluate spending on education and job-training programs.
Book Synopsis The Role of Occupation-specific Human Capital in Economic Analysis by : Russell Alan Ormiston
Download or read book The Role of Occupation-specific Human Capital in Economic Analysis written by Russell Alan Ormiston and published by . This book was released on 2007 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This three-chapter compilation examines the theoretical and empirical implications of occupation-specific human capital as it relates to current labor economics research. The first chapter demonstrates that acknowledging occupational specificity in the human capital model allows for a reconciliation of a long-standing theoretical dispute regarding the role of occupation in the labor market. The second chapter extends the literature by estimating the cross-occupation transferability of human capital using data on the knowledge, skills, and abilities utilized in each vocation. These estimates are then applied to verify displaced blue-collar manufacturing workers as structural "victims" given lower rates of human capital application in their new occupations compared to others displaced in the labor market. The third chapter investigates the relationship between high school employment and post-school economic outcomes, as it uses occupation-specific human capital principles to dismiss the notion that in-school employment provides the "marketable skills" necessary to stimulate post-school economic gains.
Book Synopsis Occupational Choice, Distribution of Human Capital, and Economic Growth by : Koji Yamazaki
Download or read book Occupational Choice, Distribution of Human Capital, and Economic Growth written by Koji Yamazaki and published by . This book was released on 1997 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Non-pecuniary Factors in the Occupational Choice by : Thomas Edwin hDuston
Download or read book Non-pecuniary Factors in the Occupational Choice written by Thomas Edwin hDuston and published by . This book was released on 1972 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Career and Skill Formation written by and published by . This book was released on 2007 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Sector-Specific Human Capital and the Distribution of Earnings by : Eric Smith
Download or read book Sector-Specific Human Capital and the Distribution of Earnings written by Eric Smith and published by . This book was released on 2015 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper incorporates assignment frictions and sector-specific training into the Roy model of occupational choice. Assignment frictions represent the extent of the market whereas differences in sector-specific training reflect worker specialization. This framework thus captures Adam Smith's idea that the extent of the market determines the division of labor. The paper demonstrates the way in which the relationship between assignment frictions and specialization affects the level and composition of human capital acquisition, aggregate output, and the distribution of income. Not surprisingly, economywide training, output, and specialization increase as the extent of the market increases. The distribution of these gains, however, is uneven. Within group or residual income, distribution does not converge monotonically as search frictions diminish. Comparisons across groups reveal that these effects can become more pronounced as average income increases.
Book Synopsis Investment in Human Capital by : B. F. Kiker
Download or read book Investment in Human Capital written by B. F. Kiker and published by . This book was released on 1971 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: Compilation of economic research papers on investment in labour force human capital formation in the USA - includes several cost benefit analysis outlines of investment returns on education, in plant training, health services, etc., and covers theoretical aspects of labour mobility, migration, brain drain, labour costs, income differences, occupational choice, etc. References and statistical tables.
Book Synopsis Essays on Occupation-specific Human Capital Investment and Occupational Mobility by : Yang Wang
Download or read book Essays on Occupation-specific Human Capital Investment and Occupational Mobility written by Yang Wang and published by . This book was released on 2018 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: My thesis focuses on occupation-specific human capital investment and occupational mobility. The first chapter of my thesis investigates gender disparities in early-career wage returns to firm tenure, occupational tenure, industry tenure, and general labor market experience. I show that the relative importance of various types of tenure differs across genders: occupational tenure matters more than industry tenure in men's wages, while industry tenure matters more than occupational tenure for women. Averaging across all occupations, early-career wage growth associated with occupational tenure is substantially higher for men than women. I then explore the underlying reasons for gender disparities in wage growth with occupational tenure. I show that gender differences in hours of work and occupational choice partially explain the gender gap in tenure returns, but I find no evidence that gender differences in human capital investment in education prior to labor market entry contribute to the gap. Given the evidence that occupational changes tend to improve occupational match quality, the observed higher occupational mobility of men relative to women may also explain the gender gap in wage growth with occupational tenure. The second chapter examines whether negative housing equity affects homeowners' occupational mobility. Homeowners with negative equity face stricter constraints and relatively higher occupational mobility cost than renters and homeowners who are not "underwater" which might potentially limit their ability to change occupations. I don't find any strong evidence that negative equity affects homeowners' occupational mobility in either recourse or non-recourse states. The third chapter examines the extent to which shifts in occupational structure explain the upward trend in occupational mobility during the period of 1968-1997. I find that shifts in occupational composition can partially explain the rising occupational mobility trend for less educated young workers and more educated workers. An approximate 10-20% reduction in the estimated mobility trend when occupation is controlled for implies that occupational composition generally shifted to less stable occupations. In addition, when negative occupational employment shocks are controlled for, workers in most age-education subgroups exhibit higher increases in occupational mobility.
Book Synopsis Studies in Human Capital by : Jacob Mincer
Download or read book Studies in Human Capital written by Jacob Mincer and published by Edward Elgar Publishing. This book was released on 1993-01-01 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The books should. . . . be bought by every university library. The research reported here is important, the exposition is lucid, the sequencing of chapters is sensible and the retrospective aspect of the volumes provides a fascinating insight into the working methods of one of the great economists of our time.' - Geraint Johnes, International Journal of Manpower Studies in Human Capital, the first volume of Jacob Mincer's essays to be published in this series, assesses the impact of education and job training on wage growth. It offers an authoritative study of the effects of human capital investments on labor turnover and the impact of technological change on human capital formation.
Book Synopsis Essays on Human Capital Acquisition by : Philip Scott Babcock
Download or read book Essays on Human Capital Acquisition written by Philip Scott Babcock and published by . This book was released on 2005 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt:
