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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This dissertation focuses on consequences of public policy on consumption responses. Chapter 1 evaluates the effect of Thailand's car tax rebate scheme in 2012 on household consumption by examining aggregate and administrative data. Car sales doubled during the policy and dramatically declined afterwards while domestic household spending was sluggish following the policy, suggesting a substantial dampening effect of the policy on future household consumption. Chapter 2 develops a formal model to evaluate Thai household consumption responses. A life-cycle model of consumption and saving is developed with features including uninsured income risks, liquidity constraints, durable goods with embedded adjustment costs and …
- Tawichsri, Tanisa, Silverman, Daniel, Kuminoff, Nicolai, et al.
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