Estimation of a Life-Cycle Model with Human Capital, Labor Supply, and Retirement
Bibliographic Data
| ID | 10171069 |
|---|---|
| Authors | Xiaodong Fan (0000-0002-7904-0173, Australian Regenerative Medicine Institute), Ananth Seshadri (Australian Regenerative Medicine Institute), Christopher Taber (Australian Regenerative Medicine Institute) |
| Year | 2023 |
| Volume | 132 |
| Issue | 1 |
| Pages | 48-95 |
| Publication date | 2023-06-14 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/726232 |
| OpenAlex | W4380563820 |
| Language | EN |
| Citations received | 3 |
| References cited | 44 |
We estimate a life-cycle model of consumption, human capital investment, and labor supply. The interaction between human capital and labor supply toward the end of the life cycle is most novel. The estimates replicate the main features of the data, in particular the large increase in wages and small increase in labor supply at the beginning of the life cycle and the small decrease in wages but large decrease in labor supply toward the end. We show that incorporating human capital is critical when analyzing changes to Social Security
Capital (architecture · Consumption (sociology · Economics · Estimation · Human capital · Investment (military · Labour economics · Market economy · Replicate · Energy, Environment, and Transportation Policies · Fiscal Policy and Economic Growth · Gender, Labor, and Family Dynamics
Job Mobility and the Careers of Young Men
Why Do Firms Train? Theory and Evidence
The Effects of Health, Wealth, and Wages on Labour Supply and Retirement Behaviour
Consumption Over the Life Cycle
Wealth Inequality and Intergenerational Links
Uninsured Idiosyncratic Risk and Aggregate Saving
Wages, Experience, and Training of Women over the Life Cycle
Interrupted Work Careers
Wage Declines among Older Men
Consumption over the Life Cycle
Precautionary Saving and Social Insurance
The Production of Human Capital and the Life Cycle of Earnings
The Career Decisions of Young Men
The Career Costs of Children
The Structure of Wages and Investment in General Training
An Empirical Model of Labor Supply in a Life-Cycle Setting
Investment in Human Capital
Labour Supply
The Growth in the Social Security Disability Rolls
Labor Market Rigidities and the Employment Behavior of Older Workers
| Citations per year | 1 |
|---|---|
| Citation span | 2023 - 2025 (3) |
| Highly cited | No |