Journal ArticleDOI
Life Cycle Wage Growth across Countries
TLDR
The authors found that experience-wage profiles are on average twice as steep in rich countries as in poor countries, and that more educated workers have steeper profiles than the less educated; this accounts for around one third of cross-country differences in aggregate profiles.Abstract:
This paper documents how life cycle wage growth varies across countries. We harmonize repeated cross-sectional surveys from a set of countries of all income levels and then measure how wages rise with potential experience. Our main finding is that experience-wage profiles are on average twice as steep in rich countries as in poor countries. In addition, more educated workers have steeper profiles than the less educated; this accounts for around one-third of cross-country differences in aggregate profiles. Our findings are consistent with theories in which workers in poor countries accumulate less human capital or face greater search frictions over the life cycle.read more
Citations
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Frictional Wage Dispersion in Search Models : A Quantitative Assessment, Working Paper 06-07
TL;DR: This article showed that standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small amount of frictional wage dispersion, i.e., wage differentials among ex-ante similar workers induced purely by search frictions.
Posted Content
The Agricultural Productivity Gap
TL;DR: This paper found that even after considering sector differences in hours worked and human capital per worker, as well as alternative measures of sector output constructed from household survey data, a puzzlingly large gap remains.
Journal ArticleDOI
The Life-Cycle Benefits of an Influential Early Childhood Program
Jorge Luis García,Jorge Luis García,Jorge Luis García,James J. Heckman,Duncan Ermini Leaf,María José Prados +5 more
TL;DR: In this article, the long-term benefits from an influential early childhood program targeting disadvantaged families were estimated by pooling multiple data sets using testable economic models, and the overall rate of return was 13.7% per annum and the benefit/cost ratio was 7.3.
BookDOI
Methodology for a World Bank Human Capital Index
TL;DR: The World Bank Human Capital Index (HCI) as discussed by the authors combines indicators of health and education into a measure of the human capital that a child born today can expect to obtain by her 18th birthday, given the risks of poor education and health that prevail in the country where she lives.
Posted Content
Reevaluating Agricultural Productivity Gaps with Longitudinal Microdata
TL;DR: In this paper, the authors used long-run individual-level panel data from two low-income countries (Indonesia and Kenya) and found that individual fixed effects led to much smaller estimated productivity gains from moving into the non-agricultural sector (or urban areas), reducing estimated gaps by over 80 percent.
References
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Book
Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education
TL;DR: In this paper, the effects of investment in education and training on earnings and employment are discussed. But the authors focus on the relationship between age and earnings and do not explore the relation between education and fertility.
Book
Schooling, Experience, and Earnings
TL;DR: In this article, the authors analyzed the distribution of worker earnings across workers and over the working age as consequences of differential investments in human capital and developed the human capital earnings function, an econometric tool for assessing rates of return and other investment parameters.
Book
Testing statistical hypotheses
TL;DR: The general decision problem, the Probability Background, Uniformly Most Powerful Tests, Unbiasedness, Theory and First Applications, and UNbiasedness: Applications to Normal Distributions, Invariance, Linear Hypotheses as discussed by the authors.
MonographDOI
The Analysis of Household Surveys : A Microeconometric Approach to Development Policy
TL;DR: Deaton as mentioned in this paper reviewed the analysis of household survey data, including the construction of household surveys, the econometric tools useful for such analysis, and a range of problems in development policy for which this survey analysis can be applied.
Journal ArticleDOI
Returns to investment in education: A global update
TL;DR: In this paper, the authors discuss methodological issues surrounding those estimates and confirm that primary education continues to be the number one investment priority in developing countries, and also show that educating females is marginally more profitable than educating males, and that the academic secondary school curriculum is a better investment than the technical/vocational tract.
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