Human Capital Life Cycle of Earnings Models: A Specific Solution and Estimation / Lee A. Lillard.

Author
Lillard, Lee A. [Browse]
Format
Book
Language
English
Published/​Created
  • Cambridge, Mass. National Bureau of Economic Research 1973.
  • Cambridge, Mass. : National Bureau of Economic Research, 1973.
Description
1 online resource: illustrations (black and white);

Details

Subject(s)
Series
  • Working Paper Series (National Bureau of Economic Research) no. w0004. [More in this series]
  • NBER working paper series no. w0004
Summary note
The purpose of this paper is to consider human capital models of earning behavior over an individual lifetime. A general class of life cycle models relating to individual earnings behavior is developed by considering alternative formulation of the basic Ben- Porath type model. An explicit solution to a specific formulation within this general class is considered in some detail. An empirical development of this explicit earnings function is estimated using data on a cohort of individuals surveyed at some point in their lifetime. The empirical estimates are discussed in detail. The estimated earnings function is then used to predict and individual's discounted present value of lifetime earnings.
Notes
July 1973.
Bibliographic references
Includes bibliographical references.
Source of description
Print version record
Other title(s)
Human Capital Life Cycle of Earnings Models
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