منابع مشابه
Human Capital, Multiple Income Risk and Social Insurance
We set up an OLG-model, where households both choose human capital investment and decide on investing their endogenous savings in a portfolio of riskless and risky assets, exposing them to (aggregate) wage and capital risks due to technological shocks. We derive the optimal public policy mix of taxation and education policy. We show that risks can be efficiently diversified between private and ...
متن کاملTrade Policy , Income Risk , and Welfare ∗
This paper studies empirically the relationship between trade policy and individual income risk faced by workers. The analysis proceeds in three steps. First, longitudinal data on workers are used to estimate time-varying individual income risk parameters in various manufacturing sectors. The estimated income risk parameters and data on trade barriers are then used to analyze the relationship b...
متن کاملHuman Capital , Trade Unions and Banks
A process of endogenous human capital formation is analyzed in combination with the existence of trade unions and banks. By lowering opportunity costs for schooling, trade unions provide incentive for human capital investments for parts of the workforce. Imperfect competition in the banking sector creates a self-selection situation favorable for long-term investment giving firms the possibility...
متن کاملTrade and the Distribution of Human Capital∗
We develop a two-country, two-sector model of trade where the only difference between the two countries is their distribution of human capital endowments. We show that even if the two countries have identical aggregate human capital endowments the pattern of trade depends on the properties of the two human capital distributions. We also show that the two distributions of endowments also complet...
متن کاملHuman Capital and Income Concentration in Brazil
High income concentration and poverty in Brazil have been intensively studied by many researchers, suggesting that an obvious factor influencing unequal earnings in the country is the heterogeneous level of education in the labor force; for education can be understood as a mean to attain improvements in labor productivity and consequently in family income. The present study aims to construct a ...
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ژورنال
عنوان ژورنال: Social Science Research Network
سال: 2022
ISSN: ['1556-5068']
DOI: https://doi.org/10.2139/ssrn.3998785