Advanced Search
MyIDEAS: Login

The Evolution of U.S. Wages: Skill Prices versus Human Capital

Contents:

Author Info

  • Lutz Hendricks

    (UNC Chapel Hill)

Registered author(s):

    Abstract

    The objective of this paper is to decompose movements in U.S. wages into movements of skill prices and labor qualities. The idea is to interpret the age-wage profiles of various birth cohorts observed in CPS data through the lens of human capital theory. Theory predicts that age-efficiency profiles should be concave (absent large skill price changes) and vary systematically with cohort education. I develop a model of school choice and on-the-job training and calibrate it to post-war U.S. wage data. The model measures the initial endowments (at age 17) and age-human capital profiles of each birth cohort as well as the school-specific skill prices for each year.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.economicdynamics.org/meetpapers/2012/paper_320.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by Society for Economic Dynamics in its series 2012 Meeting Papers with number 320.

    as in new window
    Length:
    Date of creation: 2012
    Date of revision:
    Handle: RePEc:red:sed012:320

    Contact details of provider:
    Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
    Fax: 1-314-444-8731
    Email:
    Web page: http://www.EconomicDynamics.org/society.htm
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:red:sed012:320. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.