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How important is human capital for development? Evidence from immigrant earnings

[PDF] from stanford.edu
L Hendricks - American Economic Review, 2002 - JSTOR
This paper offers new evidence on the sources of cross-country income differences. It
exploits the idea that observing immigrant workers from different countries in the same labor
market provides an opportunity to estimate their human-capital endowments. These ...
Cited by 171 - Related articles - Get it from MIT Libraries - BL Direct - All 19 versions

Taxation and long-run growth1

[PDF] from 202.112.126.97
Full text - MIT Libraries
L Hendricks - Journal of Monetary Economics, 1999 - Elsevier
A number of recent papers have investigated the growth effects of tax reforms in the context
of neoclassical growth models with human capital. Growth effects were found to be large, but
highly sensitive to parameter choices. This paper shows that growth effects are smaller ...
Cited by 78 - Related articles - All 14 versions

Equipment investment and growth in developing countries

Full text - MIT Libraries
L Hendricks - Journal of Development Economics, 2000 - Elsevier
Differences in equipment investment or equipment prices account for large variations in
growth rates across countries. An important task is to understand the economic mechanism
underlying the equipment–growth nexus and its policy implications. In order to study this ...
Cited by 53 - Related articles - All 11 versions

How important is discount rate heterogeneity for wealth inequality?

[PDF] from cesifo-group.de
Full text - MIT Libraries
L Hendricks - Journal of Economic Dynamics and Control, 2007 - Elsevier
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 to wealth inequality can ...
Cited by 48 - Related articles - Library Search - All 25 versions

Why does educational attainment differ across US states?

[PDF] from ifo.de
L Hendricks - CESifo Working Paper Series No. 1335, 2004 - papers.ssrn.com
Abstract: The fraction of persons holding a college degree differs nearly two-fold across US
states. This paper documents data related to state educational attainment differences and
explores possible explanations. It shows that highly educated states employ skill-biased ...
Cited by 36 - Related articles - Library Search - All 29 versions

The economic performance of immigrants: a theory of assortative matching

Full text - MIT Libraries
L Hendricks - International Economic Review, 2001 - Wiley Online Library
2. Abstract The economic performance of US immigrants differs substantially from that of
natives in ways that pose difficulties for standard theories of migration. In particular,
immigrants cluster geographically and are often employed together. Immigrant earnings ...
Cited by 29 - Related articles - BL Direct - All 12 versions

Intended and accidental bequests in a life-cycle economy

[PDF] from iastate.edu
L Hendricks - 2002 - papers.ssrn.com
Abstract: This paper studies quantitative importance of accidental versus intended bequests.
Bequests are decomposed into accidental and intended components by comparing the
implications of a standard life-cycle model under alternative assumptions about bequest ...
Cited by 16 - Related articles - All 15 versions

[PDF] Bequests and retirement wealth in the United States

[PDF] from iastate.edu
L Hendricks - … Paper. Department of Economics, Arizona State …, 2001 - econ.iastate.edu
Abstract This paper documents a set of robust observations characterizing bequests and
retirement wealth in the United States. Particular attention is paid to data that may be useful
for empirically evaluating theories of intergenerational transfer motives.
Cited by 14 - Related articles - View as HTML - All 7 versions

RETIREMENT WEALTH AND LIFETIME EARNINGS*

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Full text - MIT Libraries
L Hendricks - International Economic Review, 2007 - Wiley Online Library
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 retirement wealth and lifetime earnings in the ...
Cited by 12 - Related articles - BL Direct - All 10 versions

How do taxes affect human capital? The role of intergenerational mobility

Full text - MIT Libraries
L Hendricks - Review of Economic Dynamics, 2001 - Elsevier
This paper investigates how explicitly modeling the intergenerational transmission of human
capital modifies the effects of tax policies obtained from standard life-cycle models. The main
finding is that the intergenerational persistence of human capital is not an important ...
Cited by 10 - Related articles - BL Direct - All 9 versions

Cross-country variation in educational attainment: structural change or within-industry skill upgrading?

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L Hendricks - Journal of Economic Growth, 2010 - Springer
Abstract 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 within-industry ...
Cited by 9 - Related articles - All 11 versions

[PDF] A Database of Mincerian Earnings Regressions

[PDF] from iastate.edu
L Hendricks - 2004 - econ.iastate.edu
Latin/South American countries often have high inflation and rapidly depreciating ex&
change rates. If individuals were surveyed at random over a long period of time, this adds an
iid noise term to earnings (later observations have much higher earnings than earlier ob& ...
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The intergenerational persistence of lifetime earnings

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L Hendricks - European Economic Review, 2007 - Elsevier
This paper proposes a new method for estimating the intergenerational persistence of
lifetime earnings from data that contain only short sections of individual earnings histories.
The approach infers lifetime earnings persistence from the persistence of short earnings ...
Cited by 7 - Related articles - All 14 versions

Taxation and the intergenerational transmission of human capital

[PDF] from psu.edu
Full text - MIT Libraries
L Hendricks - Journal of Economic Dynamics and Control, 2003 - Elsevier
How do taxes affect human capital accumulation? This question has been studied
extensively in the context of two model classes: overlapping generations (OLG) and infinite
horizon (IH) models. These embody very different assumptions about the ...
Cited by 7 - Related articles - All 12 versions

Student abilities during the expansion of US education, 1950-2000

[PDF] from uni-muenchen.de
L Hendricks, T Schoellman - MPRA Paper, 2009 - papers.ssrn.com
Abstract: Since 1950, US educational attainment has increased substantially. While the
median student in 1950 dropped out of high school, the median student today attends some
college. In an environment with ability heterogeneity and positive sorting between ability ...
Cited by 7 - Related articles - All 39 versions

[PDF] Why do Hours Worked Differ Across Countries? Evidence from US Immigrants

[PDF] from iastate.edu
L Hendricks… - Manuscript, Iowa State University, 2004 - econ2.econ.iastate.edu
Abstract Hours worked differ substantially across countries. Two types of explanations have
been proposed: Either local institutions offer different incentives for work, or countries differ
in their social norms or VindustriousnessV (Leamer 1999). This paper offers evidence that ...
Cited by 6 - Related articles - View as HTML - All 4 versions

Accounting for patterns of wealth inequality

[PDF] from ifo.de
L Hendricks - 2003 - papers.ssrn.com
Abstract: The life-cycle model is a standard theoretical framework for studying savings and
wealth inequality. This paper shows that life-cycle models have difficulties accounting for the
empirical relationship between lifetime earnings and household wealth. Quantitative life- ...
Cited by 6 - Related articles - All 15 versions

Taxation and Human Capital Accumulation

L Hendricks - 2000 - Citeseer
Abstract How do taxes affect human capital accumulation? This question has been studied
extensively in the context of two model classes: overlapping generations (OLG) and infinite
horizon (IH) models. These embody very different assumptions about the ...
Cited by 5 - Related articles - Cached

[PDF] Taxation and Long-Run Growth: Technical Appendix

[PDF] from iastate.edu
L Hendricks - 1998 - econ.iastate.edu
This appendix contains detailed documentation for the computer programs used to generate
the results reported in “Taxation and Long-Run Growth.” The model is described in the main
text. Section 2 characterizes its equilibrium. Section 3 contains a detailed description of ...
Cited by 4 - Related articles - View as HTML - All 6 versions

Growth, death, and taxes

Full text - MIT Libraries
L Hendricks - Review of Economic Dynamics, 2001 - Elsevier
Recent theories of endogenous growth suggest that changes in tax rates may permanently
affect growth. However, attempts to quantify these growth effects have reached very different
conclusions in spite of a common theoretical framework: the neoclassical growth model ...
Cited by 4 - Related articles - BL Direct - All 10 versions

Taxation and Human Capital Accumulation

[PDF] from lhendricks.org
Full text - MIT Libraries
L Hendricks - Macroeconomic Dynamics, 2004 - Cambridge Univ Press
How do taxes affect human capital accumulation? This question has been studied
extensively in the context of two model classes: overlapping generations (OLG) and infinite
horizon (IH). These embody very different assumptions about the intergenerational ...
Cited by 3 - Related articles - BL Direct - All 15 versions

[CITATION] 'Cross-Country Income Differences: Technology Gaps or Human Capital Gaps? Evidence from Immigrant Earnings

L Hendricks - 1999 - mimeo Arizona State University
Cited by 3 - Related articles

[CITATION] Convergence and Unobserved Investment in an OLG Model with Human Capital

L Hendricks… - 1997 - Mimeo, University of Minnesota
Cited by 2 - Related articles

[PDF] How Important Is Human Capital for Development?

[PDF] from psu.edu
L Hendricks - Technical Appendix. Arizona State University. March, 2001 - Citeseer
Abstract This paper offers new evidence on the sources of cross-country income differences.
It exploits the idea that observing immigrant workers from different countries in the same
labor market provides an opportunity to estimate their relative human capital endowments ...
Cited by 2 - Related articles - View as HTML - All 7 versions

Do Redistributive Policies Promote Intergenerational Mobility?

[PDF] from bc.edu
L Hendricks - Arizona State University, Mimeo, 1999 - papers.ssrn.com
Abstract: Numerous public policies are aimed at improving the earnings opportunities for
children of the poor and at reducing lifetime earnings inequality. This paper investigates to
what extent such policies accomplish their objectives. A quantitative theory of ...
Cited by 2 - Related articles - All 7 versions

[CITATION] Cross-country Skill Bias Differences and Industry Specialization

L Hendricks - 2007 - Mimeo, Iowa State University
Cited by 2 - Related articles

[CITATION] Do taxes affect human capital? The role of intergenerational persistence

L Hendricks - 2000 - Working paper. Arizona State …
Cited by 2 - Related articles

[CITATION] Bequests and Patterns of Wealth Accumulation

L Hendricks - 2002 - Mimeo. Arizona State University
Cited by 2 - Related articles

[CITATION] A database of Mincerian returns to schooling

L Hendricks - 2006 - mimeo, Iowa State University
Cited by 2 - Related articles

[PDF] Why Does Education Differ Across Countries?

[PDF] from lhendricks.org
L Hendricks… - manuscript, Iowa State University, …, 2008 - lhendricks.org
Abstract The purpose of this paper is to investigate the reasons why average years of
schooling differ across countries. A Ben (Porath model is used to decompose observed
schooling differences into the contributions of demographic factors, distortions to ...
Cited by 3 - Related articles - View as HTML - All 2 versions

How important is preference heterogeneity for wealth inequality?

[PDF] from iastate.edu
L Hendricks - 2004 - papers.ssrn.com
Abstract: This paper investigates to what extent preference heterogeneity helps account for
two observations that challenge standard life-cycle theory:(i) The richest 1% of households
hold at least 25% of total wealth.(ii) Households with similar lifetime earnings hold very ...
Cited by 2 - Related articles - All 4 versions

How Important Is Human Capital for Development? Evidence from Immigrant Earnings

L Hendricks - Arizona State University, Economics Working Paper …, 1998 - papers.ssrn.com
Abstract: Following Mankiw, Romer, and Weil (1992) a growing number of studies find that
neoclassical growth models, augmented by human capital, successfully account for the
large cross-country income differences found in the data. This paper argues that such ...
Cited by 1 - Related articles - BL Direct - All 5 versions

Migration and Human Capital

L Hendricks - 1997 - papers.ssrn.com
Abstract: Immigration in the United States is characterized by a number of empirical
regularities. Immigrants cluster geographically and are often employed together. Immigrant
earnings differ by origin, even after controlling for education and experience. A large ...
Cited by 1 - Related articles - All 5 versions

THE SKILL COMPOSITION OF US CITIES*

[PDF] from lhendricks.org
Full text - MIT Libraries
L Hendricks - International Economic Review, 2011 - Wiley Online Library
This article explores why the fraction of highly educated workers varies across US
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 in skilled labor ...
Cited by 1 - Related articles - All 8 versions

[PDF] Validation of IPUMS international industry and education data

[PDF] from lhendricks.org
L Hendricks - 2010 - lhendricks.org
The IPUMS International project (Minnesota Population Center, 2009) collects and harmonizes
international micro census data. The database currently covers 44 countries, 130 censuses,
and more than 270 million persons. The purpose of this document is to investigate the ...
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[PDF] Student Abilities During the Expansion of US Education

[PDF] from lhendricks.org
L Hendricks, T Schoellman - 1950 - lhendricks.org
Abstract The US experienced two dramatic changes in the structure of education in a fifty
year period. The first was a large expansion of educational attainment; the second, an
increase in IQ test score gaps between college bound and non-college bound students. ...
Cited by 1 - Related articles - View as HTML - All 2 versions

Taxation and Human Capital With Intergenerational Persistence

LA Hendricks - Staff General Research Papers, 2003 - ideas.repec.org
... Author info | Abstract | Publisher info | Download info | Related research | Statistics. Author Info.
Hendricks, Lutz A. Additional information is available for the following registered author(s): Lutz
Hendricks. Abstract. How do taxes affect human capital accumulation? ...
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Taxation and Human Capital Accumulation

H Lutz - ukpmc.ac.uk
How do taxes affect human capital accumulation? This question has been studied
extensivelyin the context of two model classes: overlapping generations (OLG) and infinite
horizon (IH) models. These embody very different assumptions about the ...
Cached

[PDF] Data Appendix: Postwar European Growth

[PDF] from lhendricks.org
L Hendricks, LE Ohanian - 2007 - lhendricks.org
The appropriate measure of investment is net fixed non) residential capital formation. Only
gross capital formation is available. A depreciation rate of 0.05 is used. The data sources
used are PWT [IYc, current international prices] and WDI [Gross capital formation (% of ...
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[PDF] The Evolution of US Wages: Skill Prices versus Human Capital

[PDF] from lhendricks.org
L Hendricks - 2012 - lhendricks.org
Abstract The objective of this paper is to decompose movements in US wages into
movements of skill prices and labor qualities. The idea is to interpret the age-wage profiles
of various birth cohorts observed in CPS data through the lens of human capital theory. ...
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[CITATION] Dynamic effects of a devaluation in a monetary approach model

L Hendricks - 1990 - American University
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[CITATION] Three essays on economic growth

L Hendricks - 1996 - University of Pennsylvania
Library Search

[PDF] Educational Attainment in US Cities

[PDF] from nber.org
L Hendricks… - nber.org
Abstract This paper proposes a theory of educational attainment differences across US
metropolitan areas. The theory is motivated by the finding that employment in business
services predicts more than 70% of the observed cross (city variation in education. In the ...
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[PDF] Technical Appendix: How Do Taxes Affect Human Capital? The Role of Intergenerational Mobility

[PDF] from iastate.edu
L Hendricks - Technical Appendices, 2001 - econ.iastate.edu
This section extends the baseline model by allowing the household to choose the amount of
time consumed as leisure. For simplicity, I abstract from altruistic bequests. In order to
determine how abstracting from leisure choice affects the outcomes of the policy ...
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[PDF] The Return to College: Selection Bias and Dropout Risk

[PDF] from yorku.ca
L Hendricks… - 2011 - dept.econ.yorku.ca
Abstract 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 appears higher than the
return to most financial assets. How large are the contributions of various frictions to the “ ...
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