کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
986695 1480822 2011 15 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Human capital accumulation and the intertemporal elasticity of substitution of labor: How large is the bias?
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Human capital accumulation and the intertemporal elasticity of substitution of labor: How large is the bias?
چکیده انگلیسی

I consider two different skill accumulation technologies, learning by doing and Ben-Porath type training. The effect of human capital accumulation in the form of learning by doing is to increase the labor supply elasticity estimate by a factor of 2.1 relative to the estimate that ignores human capital accumulation. The results are similar for the Ben-Porath type training technology, although the estimate of the bias is somewhat higher.


► Assess bias on labor supply elasticities from omission of human capital accumulation.
► Two skill accumulation technologies: learning by doing and Ben-Porath type training.
► Learning by doing increases labor supply elasticity by factor of 2.1.
► Ben-Porath type training increases estimates slightly more.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 14, Issue 4, October 2011, Pages 577–591
نویسندگان
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