开始:VCALENDAR版本:2.0 PRODID: / /学院Labor Economics//Zope//EN METHOD:PUBLISH CALSCALE:GREGORIAN BEGIN:VTIMEZONE TZID:Europe/Berlin BEGIN:DAYLIGHT TZOFFSETFROM:+0100 RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=-1SU DTSTART:19810329T020000 TZNAME:CEST TZOFFSETTO:+0200 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:+0200 RRULE:FREQ=YEARLY;BYMONTH=10;BYDAY=-1SU DTSTART:19961027T030000 TZNAME:CET TZOFFSETTO:+0100 END:STANDARD END:VTIMEZONE BEGIN:VEVENT UID:6571064872800@conference.iza.org LOCATION;CHARSET=UTF-8: DESCRIPTION:It has been argued that a close relationship exists between human capital accumulation and wage dispersion. In this paper we build a general equilibrium OLG model of labor earnings and endogenous human capital (HC) accumulation, allowing for agents' heterogeneity in both ability and uninsurable idiosyncratic shocks, and verify whether a specification consistent with recent changes in UK and US wage inequality can reproduce enrolment rates in education. We use macro and micro level data to estimate the parameters of a production function with three different kinds of human capital. A by-product of our estimation procedure is an approximate empirical density of individual abilities over the working population. We use these estimates to simulate the model numerically and assess the effects of alternative education policies on inequality, productivity and HC accumulation. We also discuss some general properties of non concave value functions, with special focus on uniqueness and continuity of individual optimal policies when choice sets are non-convex. SEQUENCE:1 X-APPLE-TRAVEL-ADVISORY-BEHAVIOR:AUTOMATIC SUMMARY:IZA Seminar: Human Capital Accumulation, Education Policy and Earnings Dispersion by Giovanni Gallipoli (University of British Columbia, Vancouver) DTSTART;TZID=Europe/Berlin:20030930T000000 DTEND;TZID=Europe/Berlin:T000000 END:VEVENT END:VCALENDAR