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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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.
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 ...
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 ...
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 ...
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& ...
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 ...
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 ...
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 ...
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 ...
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- ...
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 ...
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 ...
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 ...
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 ...
[CITATION] 'Cross-Country Income Differences: Technology Gaps or Human Capital Gaps? Evidence from Immigrant Earnings
L Hendricks - 1999 - mimeo Arizona State University
[CITATION] Convergence and Unobserved Investment in an OLG Model with Human Capital
L Hendricks… - 1997 - Mimeo, University of Minnesota
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 ...
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 ...
[CITATION] Cross-country Skill Bias Differences and Industry Specialization
L Hendricks - 2007 - Mimeo, Iowa State University
[CITATION] Do taxes affect human capital? The role of intergenerational persistence
L Hendricks - 2000 - Working paper. Arizona State …
[CITATION] Bequests and Patterns of Wealth Accumulation
L Hendricks - 2002 - Mimeo. Arizona State University
[CITATION] A database of Mincerian returns to schooling
L Hendricks - 2006 - mimeo, Iowa State University
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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. ...
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? ...
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 ...
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 ...
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. ...
[CITATION] Dynamic effects of a devaluation in a monetary approach model
L Hendricks - 1990 - American University
[CITATION] Three essays on economic growth
L Hendricks - 1996 - University of Pennsylvania
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 ...
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 ...
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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