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Author: Brown, Charles
Resulting in 3 citations.
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Brown, Charles |
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A Model of Optimal Human-Capital Accumulation and the Wages of Young High School Graduates Journal of Political Economy 84,2 (April 1976): 299-316. Also: http://www.jstor.org/stable/1831902 Cohort(s): Young Men Publisher: University of Chicago Press Keyword(s): High School Completion/Graduates; Life Cycle Research; Schooling; Wages, Youth This paper estimates the parameters of Ben-Porath's model of optimal accumulation of human capital over the life cycle. A discrete-time version of the model is presented, and previous estimates of its parameters are considered. Using longitudinal data on wages of young white high school graduates, these parameters are reestimated. The point estimates of the two key parameters (the discount rate and the elasticity of investment costs with respect to investments) are implausible on a priori grounds, confirming the essentially negative conclusions of earlier studies. |
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Bibliography Citation
Brown, Charles. "A Model of Optimal Human-Capital Accumulation and the Wages of Young High School Graduates." Journal of Political Economy 84,2 (April 1976): 299-316.
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Brown, Charles |
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Equalizing Differences in the Labor Market Quarterly Journal of Economics 94,1 (February 1980): 113-134. Also: http://qje.oxfordjournals.org/content/94/1/113.abstract Cohort(s): Young Men Publisher: Wiley Online Keyword(s): Health/Health Status/SF-12 Scale; Job Tenure; Marital Status; Public Sector; Unions; Vocational Training; Wages; Work Knowledge Permission to reprint the abstract has not been received from the publisher. The theory of equalizing differences asserts that workers receive compensating wage premiums when they accept jobs with undesirable nonwage characteristics, holding the worker's characteristics constant. Previous research provides only inconsistent support for the theory, with wrong-signed or insignificant estimates of these wage premiums fairly common. An oftcited reason for these anomalies is that important characteristics of the worker remain unmeasured, biasing the estimates. In this paper, longitudinal data are used to test this conjecture. Although such data improve the control for worker characteristics, the plausibility of the estimates is not markedly improved. Alternative explanations for these results are considered. |
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Bibliography Citation
Brown, Charles. "Equalizing Differences in the Labor Market." Quarterly Journal of Economics 94,1 (February 1980): 113-134.
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Brown, Charles |
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Estimating the Effects of a Youth Differential on Teenagers and Adults Report of the Minimum Wage Study Commission 5 (1981): 389-427 Cohort(s): NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Legislation; Minimum Wage; Taxes; Teenagers; Unemployment; Wage Differentials; Wages, Youth This paper reviews and selectively supplements previous work on the effects of a youth differential. Topics covered include: the effect on demand for teenagers and adults; the effect on teenage labor supply; the effect on human capital accumulation; restrictions typically placed on use of the differential in actual legislative proposals; tax credits and youth differentials. |
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Bibliography Citation
Brown, Charles. "Estimating the Effects of a Youth Differential on Teenagers and Adults." Report of the Minimum Wage Study Commission 5 (1981): 389-427.
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