ASU Electronic Theses and Dissertations
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This dissertation consists of three chapters. The first two explore the impact of government policies on human capital accumulation. Chapter one makes two novel contributions related to the two workhorse models in the human capital literature: Learning by Doing (LBD) and Ben-Porath (BP). First, I show that BP is much more consistent with empirical life-cycle patterns related to individual earnings growth rates relative to LBD. Second, I show that the same model features that generate different life-cycle predictions between models also generate different policy implications. In particular, increasing the top marginal labor tax rate, relative to the current US level, …
- Blandin, Adam, Ventura, Gustavo, Schoellman, Todd, et al.
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