Guest Lecture, Thomas Coleman

• Income Inequality Statistics – Good Measures Are Important

Lecture 2, January 20, 2021

• Rate of Return Continuation Values and Option Values in a Simple Dynamic Model, Eisenhauer, Heckman and Mosso (2015).
• Roy Models of Policy Evaluation
• The Roy Model and the Generalized Roy Model
• Some Generalized Roy Math
• Skills and Tasks in the Labor Market
• Returns to Education: The Causal Effects of Education on Earnings, Health and Smoking Heckman, Humphries, and Veramendi (2018)
• Age, Period, and Cohort Effects (Extract from The Mincer Equation and the Rate of Return to Schooling)
• Simple Model of Human Capital Formation
• Two Interpretations of the Mincer Equation: Learning-by-doing vs. On-the-job Training by Heckman, Lochner, and Cossa (2003)
• Evidence on Learning-by-doing vs. On-the-job Training: Using variation induced by the EITC to test between models of skill formation by Heckman, Lochner, and Cossa (2003)
• The Career Decisions of Young Men, Keane and Wolpin (1997)
• Ben-Porath Notes
• Sheshinski Specification
• Notes on “A Theory of Job Shopping,” by Johnson
• Gittins Index, Pandora’s Box, and Miller’s Model of Learning and Labor Market Turnover
• A Dynamic Analysis of Educational Attainment, Occupational Choices, and Job Search by Sullivan (2010)
• Post Schooling Wage Growth: Investment, Search and Learning by Rubinstein and Weiss (2006)
  • Rubinstein, Yona and Yoram Weiss. (2006). “Post Schooling Wage Growth: Investment, Search and Learning,” In: E. Hanushek and F. Welch, (eds.), Handbook of the Economics of Education, Volume 1, Chapter 1. Amsterdam: Elsevier. pp. 1-67.

Lecture 3, January 27, 2021

• Preferences, Personality Psychology, and Economics: Some New Results
• Skills, Tasks, and Complexity, Gersbach and Schmassmann (2019)
  • Paper: Gersbach, Hans and Samuel Schmassmann. (2019). “Skills, Tasks, and Complexity,” IZA Discussion Paper No. 12770.
• Skills and Tasks in the Labor Market
• Skills, Tasks and Technologies: Implications for Employment and Earnings, Acemoglu and Autor (2011)
  • Data Extract
  • Technical Extract
• Paretian Distributions and Income Maximizations, Mandelbrot (1962).
• The Growing Importance of Social Skills in the Labor Market, Deming (2017)
• STEM Careers and Technological Change, Deming and Noray (2018).
• The Economics and Psychology of Personality Traits
  • The Economics and Psychology of Personality Traits: Extract
• Skills vs. Tasks: A Task Approach, Zhou (2019)
• A Dynamic Model of Personality, Schooling, and Occupational Choice, by Todd and Zhang
• Skills vs. Tasks: How Important Are Occupations? Caines, Hoffman, and Kambourov (2016)
• Skills and Firms
• Efficiency Units, Elementary Hedonic Models (Gorman and Lancaster) With and Without Bundling Restrictions
• Other Ways to Define Occupations (Paretian Distributions and Income Maximizations), Mandelbrot (1962).
• The Rising Return to Non-Cognitive Skill by Edin, Fredriksson, Nybom, and Ockert (2017)
• A Rosetta Stone for Noncognitive Skills: Understanding, Assessing, and Enhancing Noncognitive Skills in Primary and Secondary Education by Roberts, Martin, and Olaru (2015)
• Tasks and Heterogeneous Human Capital by Yamaguchi. (2012)
• Multidimensional Skills, Sorting, and Human Capital Accumulation by Lise and Postel-Vinay (2018)
• Firm Heterogeneity in Skill Returns, Böhm, Esmkhani, and Gallipoli, 2020
  • Böhm, Michael J., Khalil Esmkhani, and Giovanni Gallipoli. 2020. “Firm Heterogeneity in Skill Returns.” Human Capital and Economic Opportunity Working Group Working Paper No. 2020-82.

Lecture 4, February 3, 2021

• Extract from “The Gender Gap Between Earnings Distributions,” Maasoumi and Wang
• Race and Gender in the Labor Market, Altonji and Blank (1999)
  • Paper: Altonji, Joseph G., and Rebecca M. Blank. (1999). “Race and gender in the labor market.” In Handbook of Labor Economics, edited by Orley Ashenfelter and David Card. Chapter 48, pp. 3143-3259. Amsterdam: Elsevier.
• Black-White Inequality, Neal (2020)
• Divergent Paths: A New Perspective on Earnings Differences between White Men since 1940, Bayer and Charles
  • Paper: Bayer, Patrick, and Kerwin Kofi Charles. (2018). “Divergent Paths: A New Perspective on Earnings Differences Between Black and White Men Since 1940.” The Quarterly Journal of Economics, 133(3):1459-1501.
• Studying Discrimination: Fundamental Challenges and Recent Progress, Guryan and Charles
  • Paper: Guryan, Jonathan, and Kerwin Kofi Charles. (2013). “Taste-based or Statistical Discrimination: The Economics of Discrimination Returns to its Roots.” The Economic Journal, 123(572):F417-F432.
• Implicit Discrimination, Bertrand, Chugh and Mullainathan (2005)
  • Paper: Bertrand, Marianne, Dolly Chugh, and Sendhil Mullainathan. (2005). “Implicit Discrimination.” American Economic Review, 95(2):94-98.
• Detecting Discrimination, Heckman (1998)
• The American Family in Black & White: A Post-Racial Strategy for Improving Skills to Promote Equality. Heckman
• Experimental Age Discrimination Evidence and the Heckman Critique, Neumark, Burn and Button (2016)
  • Paper: Neumark, David, Ian Burn, and Patrick Button. (2016). “Experimental Age Discrimination Evidence and the Heckman Critique.” American Economic Review, 106(5):303-08.

Lecture 5, February 10, 2021

• Firm Heterogeneity in Skill Demands, Deming and Kahn (2016).
• Robot Adoption and Labor Market Dynamics, Humlum (2019)
• Notes on “Differential Rents and the Distribution of Earnings”
• The Growing Importance of Social Skills in the Labor Market, Deming (2017)
• Income Dynamics and Life-cycle Inequality: Mechanisms And Controversies by Blundell (2014)
• Notes on “Assignment Problems and the Location of Economic Activities” by Koopmans and Beckmann
• The Race Between Demand and Supply: Tinbergen’s Pioneering Studies of Earnings Inequality
• Simple Model of Human Capital Formation

Lecture 6, February 17, 2021

• Separating Heterogeneity from Uncertainty
• Income Processes/Shocks, Market Structure, and Information, Lise
• RIP to HIP: The Data Reject Heterogeneous Labor Income Profiles, Hryshko
• Modeling the Income Process (Extract from “Earnings, Consumption and Lifecycle Choices” by Meghir and Pistaferri)
• Earnings, Consumption and Lifecycle Choices, Meghir and Pistaferri
• Income Volatility and the PSID: Past Research and New Results, Moffitt and Zhang (2018)
• Models for Social Mobility and Skill Formation

Lecture 7, February 24, 2021

• Raj Chetty in 14 Charts: Big Findings on Opportunity and Mobility We Should All Know, Reeves and Krause (2018)
  • Paper: Reeves, Richard V. and Eleanor Krause. (2018). “Raj Chetty in 14 charts: Big findings on opportunity and mobility we should all know,” Brookings Institution Social Mobility Memos, Thursday, January 11, 2018.
• Social Mobility Within and Between Generations
• Neighborhood Effects and Child Outcomes: Evaluating the Recent Empirical Literature by Michael Galperin
• Neighborhood Feedback, Endogenous Stratification, and Income Inequality, Durlauf (1996)

Lecture 8, March 3, 2021

• Household Choices and Child Development, Del Boca, Flinn, and Wiswall (2014)
  • Paper: Del Boca, Daniela, Christopher Flinn, and Matthew Wiswall. (2013). “Household Choices and Child Development.” The Review of Economic Studies, 81(1):137-185.
• The Economics of Parenting, Doepke, Sorrenti, and Zilibotti (2019)
  • Paper: Doepke, Matthias, Giuseppe Sorrenti, and Fabrizio Zilibotti. (2019). “The Economics of Parenting.” NBER Working Paper No. 25533.
• Inheritance of Inequality (Bowles and Gintis)
• Income Mobility, Jäntti and Jenkins (2013)
• Family Influence, Investment, and Intergenerational Mobility by Runhua Li, Lucas Mation and Goya Razavi
• Overview
• Social Mobility Within and Between Generations
• Some Evidence on Social Mobility in the U.S. Economy Extract from: American Inequality and Social Mobility Viewed Through a Danish Prism
• A Theory of Intergenerational Mobility. Becker, Kominers, Murphy, and Spenkuch. (2018).
• Understanding the Great Gatsby Curve
• The Implications of Dynamic Complementarity for Investments across Children with Different Initial Endowments
• Education Policy and Intergenerational Transfers in Equilibrium, Abbott, Gallipoli, Meghir, and Violante (2019)
• Public and parental investments and children’s skill formation, Landersø (2019)
• Parental Responses to High Quality Interventions, Garcia and Heckman (2015)
• The Danish Welfare State: Social mobility, Inequality, and Challenges
• Understanding the Heterogeneity of Intergenerational Mobility across Neighborhoods: A Case Study of Denmark
• How Large is the Stock Component of Human Capital? by Huggett and Kaplan (2016)
• The Asset Value of Human Capital and Intergenerational Mobility by Eshaghnia and Torcasso (2020)
• The Economics of Human Development and Social Mobility
  • Extract
• Policies to Promote Social Mobility
  • Extract: Policies to Promote Social Mobility
• The Manipulation of Children’s Preferences, Old-Age Support, and Investment in Children’s Human Capital, Becker, Murphy, and Spenkuch. (2016).
• Parental Guidance and Supervised Learning. (2008). Lizzeri and Siniscalchi.
• An Equilibrium Model of Child Maltreatment. (2006). Akabayashi.
• The Inheritance of Inequality, Bowles and Gintis (2002)
• Actors in the Child Development Process by Del Boca, Flinn, Verriest, and Wiswall (2019)
• Parent–child interactions and Child Outcomes: Evidence from Randomized Intervention, Kim, Schultz, Zimmerman, and Hahlweg, 2018.
  • Kim, Jun Hyung, Wolfgang Schulz, Tanja Zimmermann, and Kurt Hahlweg. (2018). “Parent–child interactions and child outcomes: Evidence from randomized intervention.” Labour Economics, 54:152-171.

Lecture 9, March 10, 2021

• Dynamic Microeconomic Models of Fertility Choice: A Survey, Arroyo and Zhang (1997)
  • Paper: Arroyo, Cristino R., and Junsen Zhang. (1997). “Dynamic Microeconomic Models of Fertility Choice: A Survey.” Journal of Population Economics, 10(1):23-65.
• Fertility and the Economy, Becker (1992)
  • Paper: Becker, Gary S. (1992). “Fertility and the Economy.” Journal of Population Economics, 5(3):185-201.
• Bargaining over Babies: Theory, Evidence, and Policy Implications, Doepke and Kinderman (2019)
  • Paper:  Doepke, Matthias, and Fabian Kindermann. (2019). “Bargaining over Babies: Theory, Evidence, and Policy Implications.” American Economic Review, 109(9):3264-3306.
• Career and Family Decisions: Cohorts Born 1935-1975, Eckstein, Keane, and Lifshitz (2019)
  • Paper: Eckstein, Zvi, Michael Keane, and Osnat Lifshitz. (2019). “Career and Family Decisions: Cohorts Born 1935–1975.” Econometrica, 87(1):217-253.
• Dynamic Female Labor Supply, Eckstein and Lifshitz (2011)
  • Paper: Eckstein, Zvi, and Osnat Lifshitz. (2011). “Dynamic Female Labor Supply.” Econometrica, 79(6):1675-1726.
• Marriage, Labor Supply, and Home Production, Goussé, Jacquemet, and Robin (2017)
  • Paper: Goussé, Marion, Nicolas Jacquemet, and Jean-Marc Robin. (2017). “Marriage, Labor Supply, and Home Production.” Econometrica, 85(6):1873-1919.

Supplemental