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Magnac, Thierry
, Pistolesi, Nicolas and Roux, Sébastien
(2018)
Post-Schooling Human Capital Investments and the Life Cycle of Earnings.
Journal of Political Economy, 126 (3).
pp. 1219-1249.
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Abstract
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 rates of return and costs of human capital investments, and their terminal values of human capital at an arbitrary date in the future. We derive a tractable reduced-form Mincerian model of log earnings profiles along the life cycle that is written as a linear factor model in which levels, growth, and curvature of earnings profiles are individual specific. This provides a structural interpretation of results obtained in the empirical literature on the dynamics of earnings and acknowledges its limitations.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | June 2018 |
| Refereed: | Yes |
| Place of Publication: | Chicago |
| JEL Classification: | C33 - Models with Panel Data D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving J24 - Human Capital; Skills; Occupational Choice; Labor Productivity J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc. |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 16 Dec 2016 13:35 |
| Last Modified: | 27 May 2025 09:03 |
| OAI Identifier: | oai:tse-fr.eu:31271 |
| URI: | https://publications.ut-capitole.fr/id/eprint/22617 |
Available Versions of this Item
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Post schooling human capital investments and the life cycle variance of earnings. (deposited 09 Jul 2014 17:33)
- Post-Schooling Human Capital Investments and the Life Cycle of Earnings. (deposited 16 Dec 2016 13:35) [Currently Displayed]
