The Covariance Structure of Earnings and Income, Compensatory Behavior, and On-the-Job Investments
AbstractThe covariance between income and income growth for data from nineteenth-century Uta h is negative. An extended covariance model, estimated with earnings and income data, suggests that the degree of concavity of the age-ear nings (age-income) profile is associated with initial earnings (incom e) and the growth in earnings (income): those with lower initial earn ings (incomes) have higher rates of growth, but more concave age-rela ted profiles. These findings are consistent with a human capital inte rpretation of the earnings (income) profile and imply that there is m ore rapid depreciation of human capital obtained through on-the-job t raining than through other sources. Copyright 1988 by MIT Press.
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Bibliographic InfoArticle provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 70 (1988)
Issue (Month): 2 (May)
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- Parent, D., 1995.
"Matching, Human capital, and the Covariance Structure of Earnings,"
Cahiers de recherche
9509, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
- Parent, Daniel, 2002. "Matching, human capital, and the covariance structure of earnings," Labour Economics, Elsevier, vol. 9(3), pages 375-404, July.
- Daniel Parent, 1995. "Matching, Human Capital, and the Covariance Structure of Earnings," Working Papers 730, Princeton University, Department of Economics, Industrial Relations Section..
- Parent, D., 1995. "Matching, Human capital, and the Covariance Structure of Earnings," Cahiers de recherche 9509, Universite de Montreal, Departement de sciences economiques.
- Daniel Parent, 1995. "Matching, Human Capital, and the Covariance Structure of Earnings," CIRANO Working Papers 95s-25, CIRANO.
- repec:fth:prinin:351 is not listed on IDEAS
- George J. Borjas, 1998.
"The Economic Progress of Immigrants,"
NBER Working Papers
6506, National Bureau of Economic Research, Inc.
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