TY  - JOUR
AU  - Hugget,Mark
AU  - Ventura,Gustavo
AU  - Yaron,Amir
TI  - Human Capital and Earnings Distribution Dynamics
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 9366
PY  - 2002
Y2  - December 2002
UR  - http://www.nber.org/papers/w9366
L1  - http://www.nber.org/papers/w9366.pdf
N1  - Author contact info:
Gustavo Ventura
Department of Economics
University of Iowa
W358 PBB
Iowa City, IA 52242
Tel: 319-335 0842
E-Mail: gventura1967@gmail.com

Amir Yaron
The Wharton School
University of Pennsylvania
2256 Steinberg-Dietrich Hall
Philadelphia, PA 19104-6367
Tel: 215/898-1241
Fax: 215/898-6200
E-Mail: yaron@wharton.upenn.edu
AB  - Mean earnings and measures of earnings dispersion and skewness all increase in US data over most of the working life-cycle for a typical cohort as the cohort ages. We show that a benchmark human capital model can replicate these properties from the right distribution of initial human capital and learning ability. These distributions have the property that learning ability must differ across agents and that learning ability and initial human capital are positively correlated.
ER  -