Human capital accumulation and the intertemporal elasticity of substitution of labor: How large is the bias? |
| |
Authors: | Johanna Wallenius |
| |
Institution: | Department of Economics, Stockholm School of Economics, Box 6501, 113 83 Stockholm, Sweden |
| |
Abstract: | I consider two different skill accumulation technologies, learning by doing and Ben-Porath type training. The effect of human capital accumulation in the form of learning by doing is to increase the labor supply elasticity estimate by a factor of 2.1 relative to the estimate that ignores human capital accumulation. The results are similar for the Ben-Porath type training technology, although the estimate of the bias is somewhat higher. |
| |
Keywords: | JEL classification: E24 J24 |
本文献已被 ScienceDirect 等数据库收录! |
|