IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

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

  • Lutz Hendricks

    (UNC Chapel Hill)

Registered author(s):

    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.

    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: https://www.economicdynamics.org/meetpapers/2012/paper_320.pdf
    Download Restriction: no

    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
    Web page: http://www.EconomicDynamics.org/society.htm
    Email:


    More information through EDIRC

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

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

    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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.