Zobrazeno 1 - 10
of 41
pro vyhledávání: '"Lutz Hendricks"'
Publikováno v:
American Economic Journal: Macroeconomics. 13:184-215
We construct a time series of college attendance patterns for the United States and document a reversal: family background was a better predictor of college attendance before World War II, but academic ability was afterward. We construct a model of c
Autor:
Lutz Hendricks, Oksana Leukhina
Publikováno v:
International Economic Review. 59:1077-1102
We study two long-standing questions: (i) What part of the measured return to education is due to selection? (ii) The ex post return to schooling is higher than the return to most financial assets. How large are the contributions of various frictions
Autor:
Lutz Hendricks, Todd Schoellman
Publikováno v:
The Quarterly Journal of Economics. 133:665-700
We reconsider the role for human capital in accounting for cross-country income differences. Our contribution is to bring to bear new data on the pre- and post- migration labor market experiences of immigrants to the U.S. Immigrants from poor countri
Autor:
Oksana Leukhina, Lutz Hendricks
Publikováno v:
Review of Economic Dynamics. 26:140-163
This paper is motivated by the fact that nearly half of U.S. college students drop out without earning a bachelor's degree. Its objective is to quantify how much uncertainty college entrants face about their graduation outcomes. To do so, we develop
Autor:
Lutz Hendricks
Publikováno v:
The B.E. Journal of Macroeconomics. 18
Returns to experience for U.S. workers have changed over the post-war period. This paper argues that a simple model goes a long way towards replicating these changes. The model features three well-known ingredients: (i) an aggregate production functi
Autor:
Lutz Hendricks, Todd Schoellman
Publikováno v:
SSRN Electronic Journal.
We reconsider the role for human capital in accounting for cross-country income differences. Our contribution is to bring to bear new data on the pre- and post- migration labor market experiences of immigrants to the U.S. Immigrants from poor countri
Autor:
Lutz Hendricks
Publikováno v:
International Economic Review. 52:1-32
This article explores why the fraction of highly educated workers varies across U.S. metropolitan areas. It documents a set of facts that pose challenges for a number of theories. Notably, (i) cities are characterized by industry neutral differences
Autor:
Lutz Hendricks
Publikováno v:
Journal of Economic Growth. 15:205-233
Educational attainment varies greatly across countries and within countries over time. This paper asks whether the variation in education is primarily due to industry composition or to within industry skill intensities. The main finding is that withi
Autor:
Lutz Hendricks
Publikováno v:
Journal of Economic Dynamics and Control. 31:3042-3068
This paper investigates the role of discount rate heterogeneity for wealth inequality. The key idea is to infer the distribution of preference parameters from the observed age profile of wealth inequality. The contribution of preference heterogeneity
Autor:
Lutz Hendricks
Publikováno v:
International Economic Review. 48:421-456
This article argues that a satisfactory theory of wealth inequality should account not only for the marginal distribution of wealth, but also for the joint distribution of wealth and earnings. The article describes the joint distribution of retiremen