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Articles 1 - 30 of 134
Full-Text Articles in Entire DC Network
2023-01 The Insurance Implications Of Government Student Loan Repayment Schemes, Martin Gervais, Qian Liu, Lance Lochner
2023-01 The Insurance Implications Of Government Student Loan Repayment Schemes, Martin Gervais, Qian Liu, Lance Lochner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2023-02 Adverse Selection Among Early Adopters And Unraveling Innovation, Rory Mcgee
2023-02 Adverse Selection Among Early Adopters And Unraveling Innovation, Rory Mcgee
Centre for Human Capital and Productivity. CHCP Working Papers
I provide an equilibrium analysis of “selection markets”: where consumers not only vary in how much they are willing to pay, but also in how much they cost to the seller. The model provides a joint explanation for three empirical phenomena: low uptake of existing products, slow demand for new products, and market inactivity despite unmet demand. I characterize when early adopters are more adversely selected in new markets. This lowers demand, increases costs, and leads markets to unravel prematurely. With endogenous market entry for new products (e.g., reverse mortgages, annuities), extended patents serve as de facto time-varying subsidies.
2022-1 The Role Of Non-Pecuniary Considerations: Location Decisions Of College Graduates From Low Income Backgrounds, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner, Yuxi Yao
2022-1 The Role Of Non-Pecuniary Considerations: Location Decisions Of College Graduates From Low Income Backgrounds, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner, Yuxi Yao
Centre for Human Capital and Productivity. CHCP Working Papers
We examine the initial post-college geographic location decisions of students from hometowns in the Appalachian region that often lack substantial high-skilled job opportunities, focusing on the role of non-pecuniary considerations. Novel survey questions allow us to measure the full non-pecuniary benfits of each relevant geographic location, in dollar equivalents. A new specification test is designed and implemented to provide evidence about the quality of these non-pecuniary measures. Supplementing perceived location choice probabilities and expectations about pecuniary factors with our new non-pecuniary measures allows a new approach for obtaining a comprehensive understanding of the importance of pecuniary and non-pecuniary factors for …
2022-2 A Task-Based Theory Of Occupations With Multidimensional Heterogeneity, Sergio Ocampo
2022-2 A Task-Based Theory Of Occupations With Multidimensional Heterogeneity, Sergio Ocampo
Centre for Human Capital and Productivity. CHCP Working Papers
I develop an assignment model of occupations with multidimensional heterogeneity in production tasks and worker skills. Tasks are distributed continuously in the skill space, whereas workers have a discrete distribution with a finite number of types. Occupations arise endogenously as bundles of tasks optimally assigned to a type of worker. The model allows us to study how occupations respond to changes in the economic environment, making it useful for analyzing the implications of automation, skill-biased technical change, offshoring, and worker training. Using the model, I characterize how wages, the marginal product of workers, the substitutability between worker types, and the …
2021-2 Why Do Couples And Singles Save During Retirement?, Mariacristina De Nardi, Eric French, John Bailey Jones, Rory Mcgee
2021-2 Why Do Couples And Singles Save During Retirement?, Mariacristina De Nardi, Eric French, John Bailey Jones, Rory Mcgee
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2021-3 Wages, Skills, And Skill-Biased Technical Change: The Canonical Model Revisited, Audra J. Bowlus, Lance Lochner, Chris Robinson, Eda Suleymanoglu
2021-3 Wages, Skills, And Skill-Biased Technical Change: The Canonical Model Revisited, Audra J. Bowlus, Lance Lochner, Chris Robinson, Eda Suleymanoglu
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2021-4 Innis Lecture: Return On Student Loans In Canada, Lance Lochner, Qian Liu, Martin Gervais
2021-4 Innis Lecture: Return On Student Loans In Canada, Lance Lochner, Qian Liu, Martin Gervais
Centre for Human Capital and Productivity. CHCP Working Papers
This paper uses new administrative data with detailed borrower information and lengthy repayment histories from the Canada Student Loans Program (CSLP) to measure rates of return on undergraduate student loans. We document substantial heterogeneity in returns based on information available at the time loans were disbursed, including province of residence, field of study, and institution of attendance. Field of study is a particularly important determinant of rates of return, explaining 22% of the variation in predicted returns across borrowers. We explore the implications of this variation for CSLP cross-subsidization across borrowers and potential risk-based loan limits. Given the variation in …
2021-1 Four Decades Of Canadian Earnings Inequality And Dynamics Across Workers And Firms, Audra Bowlus, Emilien Gouin-Bonenfant, Huju Liu, Lance Lochner, Youngmin Park
2021-1 Four Decades Of Canadian Earnings Inequality And Dynamics Across Workers And Firms, Audra Bowlus, Emilien Gouin-Bonenfant, Huju Liu, Lance Lochner, Youngmin Park
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2020-1 The Millennials' Transition From School-To-Work, Audra J. Bowlus, Yuet-Yee Linda Wong
2020-1 The Millennials' Transition From School-To-Work, Audra J. Bowlus, Yuet-Yee Linda Wong
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2020-3 Optimal Contracting With Altruistic Agents: A Structural Model Of Medicare Payments For Dialysis Drugs, Martin Gaynor, Nirav Mehta, Seth Richards-Shubik
2020-3 Optimal Contracting With Altruistic Agents: A Structural Model Of Medicare Payments For Dialysis Drugs, Martin Gaynor, Nirav Mehta, Seth Richards-Shubik
Centre for Human Capital and Productivity. CHCP Working Papers
We study physician agency and optimal payment policy in the context of an expensive medication used in dialysis care. Using Medicare claims data we estimate a structural model of treatment decisions, in which physicians differ in their altruism and marginal costs, and this heterogeneity is unobservable to the government. In a novel application of nonlinear pricing methods, we theoretically characterize the optimal unrestricted contract in this screening environment with multidimensional heterogeneity. We combine these results with the estimated model to construct the optimal contract and simulate counterfactual outcomes. The optimal contract is a flexible fee-for-service contract, which pays for reported …
2020-7 Marriage, Children, And Labor Supply: Beliefs And Outcomes, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner
2020-7 Marriage, Children, And Labor Supply: Beliefs And Outcomes, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2020-6 The Eitc And Maternal Time Use: More Time Working And Less Time With Kids?, Jacob Bastian, Lance Lochner
2020-6 The Eitc And Maternal Time Use: More Time Working And Less Time With Kids?, Jacob Bastian, Lance Lochner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2020-8 Perceived And Actual Option Values Of College Enrollment, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner
2020-8 Perceived And Actual Option Values Of College Enrollment, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2020-9 Self-Employment And Development, Juan Herreno, Sergio Ocampo
2020-9 Self-Employment And Development, Juan Herreno, Sergio Ocampo
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2020-2 Prices, Profits, Proxies, And Production, Victor H. Aguiar, Roy Allen, Nail Kashaev
2020-2 Prices, Profits, Proxies, And Production, Victor H. Aguiar, Roy Allen, Nail Kashaev
Centre for Human Capital and Productivity. CHCP Working Papers
Abstract This paper studies nonparametric identification and counterfactual bounds for heterogeneous firms that can be ranked in terms of productivity. Our approach works when quantities and prices are latent rendering standard approaches inapplicable. Instead, we require observation of profits or other optimizing-values such as costs or revenues, and either prices or price proxies of flexibly chosen variables. We extend classical duality results for price-taking firms to a setup with discrete heterogeneity, endogeneity, and limited variation in possibly latent prices. Finally, we show that convergence results for nonparametric estimators may be directly converted to convergence results for production sets.
2020-5 Returns To Skill And The Evolution Of Skills For Older Men, Qian Liu, Lance Lochner, Youngmin Park, Youngki Shin
2020-5 Returns To Skill And The Evolution Of Skills For Older Men, Qian Liu, Lance Lochner, Youngmin Park, Youngki Shin
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2020-4 Child Skill Production: Accounting For Parental And Market-Based Time And Goods Investments, Elizabeth Caucutt, Lance Lochner, Joseph Mullins, Youngmin Park
2020-4 Child Skill Production: Accounting For Parental And Market-Based Time And Goods Investments, Elizabeth Caucutt, Lance Lochner, Joseph Mullins, Youngmin Park
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2018-1 On The Identification Of Gross Output Production Functions, Amit Gandhi, Salvador Navarro, David Rivers
2018-1 On The Identification Of Gross Output Production Functions, Amit Gandhi, Salvador Navarro, David Rivers
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2018-2 Parental Support, Savings And Student Loan Repayment, Lance Lochner, Todd Stinebrickner, Utku Suleymanoglu
2018-2 Parental Support, Savings And Student Loan Repayment, Lance Lochner, Todd Stinebrickner, Utku Suleymanoglu
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2018-5 Uncertainty About Future Income: Initial Beliefs And Resolution During College, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner
2018-5 Uncertainty About Future Income: Initial Beliefs And Resolution During College, Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2018-7 The Disability Option: Labor Market Dynamics With Macroeconomic And Health Risks, Amanda Michaud, David Wiczer
2018-7 The Disability Option: Labor Market Dynamics With Macroeconomic And Health Risks, Amanda Michaud, David Wiczer
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2018-4 Time-Use And Academic Peer Effects In College, Nirav Mehta, Ralph Stinebrickner, Todd Stinebrickner
2018-4 Time-Use And Academic Peer Effects In College, Nirav Mehta, Ralph Stinebrickner, Todd Stinebrickner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2018-6 Dynamics Of Deterrence: A Macroeconomic Perspective On Punitive Justice Policy, Bulent Guler, Amanda Michaud
2018-6 Dynamics Of Deterrence: A Macroeconomic Perspective On Punitive Justice Policy, Bulent Guler, Amanda Michaud
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2018-3 Job Tasks And The Gender Wage Gap Among College Graduates, Todd Stinebrickner, Ralph Stinebrickner, Paul Sullivan
2018-3 Job Tasks And The Gender Wage Gap Among College Graduates, Todd Stinebrickner, Ralph Stinebrickner, Paul Sullivan
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2017-01 Targeting The Wrong Teachers? Linking Measurement With Theory To Evaluate Teacher Incentive Schemes, Nirav Mehta
2017-01 Targeting The Wrong Teachers? Linking Measurement With Theory To Evaluate Teacher Incentive Schemes, Nirav Mehta
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2017-04 Careers And Mismatch For College Graduates: College And Non-College Jobs, Andrew Agopsowicz, Chris Robinson, Ralph Stinebrickner, Todd Stinebrickner
2017-04 Careers And Mismatch For College Graduates: College And Non-College Jobs, Andrew Agopsowicz, Chris Robinson, Ralph Stinebrickner, Todd Stinebrickner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2017-03 Early And Late Human Capital Investments, Borrowing Constraints, And The Family, Elizabeth M. Caucutt, Lance Lochner
2017-03 Early And Late Human Capital Investments, Borrowing Constraints, And The Family, Elizabeth M. Caucutt, Lance Lochner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2017-07 Social Interactions, Mechanisms, And Equilibrium: Evidence From A Model Of Study Time And Academic Achievement, Tim Conley, Nirav Mehta, Ralph Stinebrickner, Todd Stinebrickner
2017-07 Social Interactions, Mechanisms, And Equilibrium: Evidence From A Model Of Study Time And Academic Achievement, Tim Conley, Nirav Mehta, Ralph Stinebrickner, Todd Stinebrickner
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2017-12 Changing Trends In China’S Inequality: Key Issues And Main Findings, Terry Sicular, Shi Li, Ximing Yue, Hiroshi Sato
2017-12 Changing Trends In China’S Inequality: Key Issues And Main Findings, Terry Sicular, Shi Li, Ximing Yue, Hiroshi Sato
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.
2017-21 The Redistributive Role Of Government Social Security Transfers On Inequality In China, Meng Cai, Ximing Yue
2017-21 The Redistributive Role Of Government Social Security Transfers On Inequality In China, Meng Cai, Ximing Yue
Centre for Human Capital and Productivity. CHCP Working Papers
No abstract provided.