Human Capital and Earnings Distribution Dynamics

Mark Hugget, Gustavo Ventura and Amir Yaron
Authors registered in the RePEc Author Service: Mark Huggett

No 9366, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Mean earnings and measures of earnings dispersion and skewness all increase in US data over most of the working life-cycle for a typical cohort as the cohort ages. We show that a benchmark human capital model can replicate these properties from the right distribution of initial human capital and learning ability. These distributions have the property that learning ability must differ across agents and that learning ability and initial human capital are positively correlated.

JEL-codes: D3 J24 (search for similar items in EconPapers)
Date: 2002-12
New Economics Papers: this item is included in nep-acc and nep-dge
Note: AP EFG
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Published as Huggett, Mark & Ventura, Gustavo & Yaron, Amir, 2006. "Human capital and earnings distribution dynamics," Journal of Monetary Economics, Elsevier, vol. 53(2), pages 265-290, March.

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Journal Article: Human capital and earnings distribution dynamics (2006)
Working Paper: Human Capital and Earnings Distribution Dynamics (2003)
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