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Endogenous Skills and Labor Income Inequality

来源:湖南大学经济与管理研究中心 日期:2018-12-10 作者:

 间:Dec.11th (Tuesday), 16:15-17:30PM

 点:Room 206, Shuishang Teaching Building

 题:Endogenous Skills and Labor Income Inequality


主讲人:Guanyi Yang

Assistant professor at Department of Economics school in St. Lawrence University


 要:

How much does inequality in life depend on conditions established at age 18? What role does post-18 higher education play? I use an education choice model with exogenous conditions from family wealth, established human capital at age 18 and shocks to human capital to examine these questions. Family wealth and established human capital at age 18 determine the post-18 education choices. Education builds up human capital and reduces future earnings volatility. Absent this transmission channel, previous studies dramatically underestimate the importance of initial family wealth in explaininglifetime earnings inequality. My model finds that family wealth at age 18 explains up to 15% of lifetime earnings inequalities, and human capital at age 18 explains 72%. Policy counterfacutals that encourage college education by providing financial aid reduce inequality and improve welfare.



报告人简介:

Guanyi Yang is a Assistant professor at Department of Economics school in St. Lawrence University. Guanyi earned her Ph.D. from The Ohio State University, May, 2018. His research interests include Macroeconomics, Labor economics, Heterogeneous Agents, Inequality, Business cycle.



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