题目：Endogenous Skills and Labor Income Inequality

时间：2018年12月26日  星期三  12:00 – 13:30

地点：明德主楼714

报告人：杨关忆

摘要：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 explaining lifetime 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：美国St. Lawrance University经济系助理教授，美国俄亥俄州立大学经济学博士，研究方向为宏观-劳动经济学，收入不平等，人力资本，经济周期等。

值班编辑：陶新宇