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Title: Microeconomic Essays on Market Entry, Optimal Education, and Measured Experience
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Regan, Tracy Lynn |
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Microeconomic Essays on Market Entry, Optimal Education, and Measured Experience Ph.D. Dissertation, The University of Arizona, 2003 Cohort(s): NLSY79 Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Armed Forces Qualifications Test (AFQT); Earnings; Educational Attainment; Family Background and Culture; Gender Differences; Human Capital; Labor Force Participation; Panel Study of Income Dynamics (PSID); Schooling; Skills; Wage Gap; Wage Levels; Wages; Work Experience; Work Histories This dissertation consists of three essays in applied microeconomics. The first essay investigates the effects of generic entry on post-patent price competition in the prescription drug market using NDC Health data on 18 oral solids that lost their patent sometime between February 1998 and 2002. I am able to characterize the impact of endogenous generic entry on branded and generic prices, conditional on payment type (i.e., cash, Medicaid, third party). Based on the findings in this paper, the overall, long-term impacts of the 1984 Drug Price Competition and Patent Term Restoration Act (Waxman-Hatch Act) are yet to be determined. The second essay develops a theoretical model of earnings where human capital is the central explanatory variable. The analysis and estimation strategy stems from the Mincerian simple schooling model. Human capital investments (i.e., schooling) are incorporated into a model based on individual wealth maximization. We utilize the conventional economic models of supply and demand to derive an optimal level of schooling function. Using the NLSY79, we stratify our sample into one-year work experience intervals for 1985 data from the NLSY79 and the PSID and extend our findings to a data set in which actual measures of work experience are not available |
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Bibliography Citation
Regan, Tracy Lynn. Microeconomic Essays on Market Entry, Optimal Education, and Measured Experience. Ph.D. Dissertation, The University of Arizona, 2003. |