While it is well documented that economic expansions provide widespread and immediate
financial benefits, the evidence on how an economic downturn affects individual's health …

Separate identification of the price and quantity of human capital has important implications
for understanding key issues in economics. Price and quantity series are derived for four …

Over the business cycle young workers experience much greater volatility of hours worked
than prime-aged workers. This can arise from age differences in labor supply or labor …

While researchers increasingly recognise drastic changes in populations and repeatedly
emphasise their implications for development, far less attention is devoted to thinking of and …

This paper considers the impact of learning-by-doing on optimal tax policy in a general
equilibrium heterogeneous agent life-cycle model. Analytically, it identifies two main …

Many government policies affect incentives to acquire human capital. Two workhorse
models dominate the literature analyzing these policies: Learning by Doing (LBD) and Ben …

The development of artificial intelligence (AI) does influence human jobs but not necessarily
in a negative way. Although labor force participation rates and firms' job vacancies for …

In the long run, if agents pay more attention to social status, the time allocated to higher
education and economic growth both increase. However, if the education provided by the …

I study the aggregate implications of health risk and access to health care. At the individual
level, health influences earnings potential, while income affects access to medical care. I …

We study how the changing demographic composition of the US labor force has affected the
response of the unemployment rate to marginal tax rate shocks. Using narratively identified …