Replication data for: Sources of Lifetime Inequality
Principal Investigator(s): View help for Principal Investigator(s) Mark Huggett; Gustavo Ventura; Amir Yaron
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| data | 10/11/2019 04:24:PM | ||
|
|
text/plain | 14.6 KB | 10/11/2019 12:25:PM |
Project Citation:
Huggett, Mark, Ventura, Gustavo, and Yaron, Amir. Replication data for: Sources of Lifetime Inequality. Nashville, TN: American Economic Association [publisher], 2011. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112471V1
Project Description
Summary:
View help for Summary
Is lifetime inequality mainly due to differences across people established
early in life or to differences in luck experienced over the working lifetime? We answer this question within a model that features idiosyncratic shocks to human capital, estimated directly from data, as well as heterogeneity in ability to learn, initial human capital, and initial wealth. We find that, as of age 23, differences in initial conditions account for more of the variation in lifetime earnings, lifetime wealth, and lifetime utility than do differences in shocks received
over the working lifetime. (JEL D31, D91, J24, J31)
Scope of Project
JEL Classification:
View help for JEL Classification
D31 Personal Income, Wealth, and Their Distributions
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
D31 Personal Income, Wealth, and Their Distributions
D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.