Lecture II, April 6, 2022

1. Work and Welfare Dependence
2. Role of Skills and Skill Prices in Explaining Inequality
3. Inequality in Health
4. Mortality Inequality in the United States and Europe, Janet Currie, Princeton University and NBER: Hannes Schwandt, Northwestern University and NBER
5. Social Mobility: Geography and Demography
6. Changes in Assortative Matching: Theory and Evidence for the US Pierre-André Chiappori, Mónica Costa-Dias, Costas Meghir

Lecture III, April 13, 2022

1. The Rate of Return to Schooling: The Mincer Equation and Beyond
2. Rate of Return Continuation Values and Option Values in a Simple Dynamic Model, Eisenhauer, Heckman and Mosso (2015)
3. Two Interpretations of the Mincer Equation: Learning-by-doing vs. On-the-job Training by Heckman, Lochner, and Cossa (2003)
4. Evidence on Learning-by-doing vs. On-the-job Training: Using variation induced by the EITC to test between models of skill formation, Heckman, Lochner and Cossa (2003)
5. Efficiency Units, Elementary Hedonic Models (Gorman and Lancaster) With and Without Bundling Restrictions
6. Guest Lecture: Jin Zhou
   • Skill vs. Tasks: Task Approach by Zhou (2022)
7. Interpreting Personality Measurement, Heckman and Galaty (2022)
8. The Career Decisions of Young Men, Keane and Wolpin (1997)

Lecture IV, April 20, 2022

1. Notes on Frisch Demands
2. Efficiency Units, Elementary Hedonic Models (Gorman and Lancaster) With and Without Bundling Restrictions
3. Other Ways to Define Occupations (Paretian Distributions and Income Maximizations) Extract from Mandelbrot (1962)
4. Guest Lecture, Continued: Jin Zhou
   • Skill vs. Tasks: Task Approach by Zhou (2022)
5. Interpreting Personality Measurement, Heckman and Galaty (2022)
6. Notes on “Assignment Problems and the Location of Economic Activities” by Koopmans and Beckmann
7. Notes on “Differential Rents and the Distribution of Earnings”, Sattinger (1979)
8. Estimation of a Roy/Search/Compensating Differential Model of the Labor Market, Taber and Vejlin (2020)
9. Separating Heterogeneity from Uncertainty Decomposing Trends in Inequality in Earnings into Forecastable and Uncertain Components Extract, Cunha and Heckman (2016)
10. Tasks, Automation, and the Rise in US Wage Inequality  by Acemoglu and Restrepo (2021)
11. Notes on “A Theory of Job Shopping” by Johnson
12. Employer Learning and Statistical Discrimination by Altonji and Pierret, 2001
13. The Speed of Employer Learning by Lange, 2007
14. Robots and Jobs: Evidence from US Labor Markets by Acemoglu and Restrepo (2020)
15. Rate of Return Continuation Values and Option Values in a Simple Dynamic Model, Eisenhauer, Heckman and Mosso (2015)

Lecture V, April 27, 2022

1. The Career Decisions of Young Men, Keane and Wolpin (1997)
2. Estimation of a Roy/Search/Compensating Differential Model of the Labor Market, Taber and Vejlin (2020)
3. Interpreting Personality Measurement, Heckman and Galaty (2022)
4. Measuring Knowledge by Heckman and Zhou (2022)
5. Labor Market Power, Berger, Herkenhoff and Mongey (2021)
6. Notes on “A Theory of Job Shopping” by Johnson
7. Employer Learning and Statistical Discrimination by Altonji and Pierret, 2001

Lecture VI, May 4, 2022

1. Labor Market Power, Berger, Herkenhoff and Mongey (2021)
2. Notes on “A Theory of Job Shopping” by Johnson
3. Employer Learning and Statistical Discrimination by Altonji and Pierret, 2001
4. Interpreting Personality Measurement, Heckman and Galaty (2022)
5. Measuring Knowledge by Heckman and Zhou (2022)
6. Heritability
7. Social Science Methods for Twins Data… by Kohler, Behrman, and Schnittker (2011)
8. Correspondence on Ashenfelter and Krueger Paper by Heckman (1992)
9. Inheritance of Inequality, Bowles and Gintis (2002)
10. Guest Lecture: Victor Ronda
    • Genetics and Economics: Models, Methods and Findings, Ronda (2022)

Supplemental Slides

• Income Volatility and the PSID: Past Research and New Results by Moffitt and Zhang (2018)
• Using A Cross Section to Estimate Life Cycle Labor Supply
• Who Set Your Wage? by Card (2022)
• A Dynamic Theory of Racial Income Differences by Loury (1977)

Lecture VII.a, May 9, 2022

1. Modeling the Income Process, Extract from Meghir and Pistaferri (2011)
2. RIP to HIP: The Data Reject Heterogeneous Labor Income Profiles, Hryshko (2009)
3. Separating Heterogeneity from Uncertainty Decomposing Trends in Inequality in Earnings into Forecastable and Uncertain Components Extract, Cunha and Heckman (2016)
4. HIP, RIP, and the Robustness of Empirical Earnings Processes by Hoffmann (2019)
5. What Do Data on Millions of U.S. Workers Reveal about Lifecycle Earnings Dynamics? by Guvenen, Karahan, Ozkan and Song (2021)
6. Income Dynamics and Life-cycle Inequality: Mechanisms and Controversies by Blundell (2014)
7. Female Labor Supply, Human Capital, and Welfare Reform  by Blundell, Costa Dias, Meghir, and Shaw (2016)
8. Models for Social Mobility and Skill Formation
9. Six Facts: The Technology of Skill Formation (EXTRACT from Cunha and Heckman 2007)
10. The Implications of Dynamic Complementarity for Investments across Children with Different Initial Endowments

Lecture VII.b, May 11, 2022

1. Guest Lecture: Victor Ronda
   • Genetics and Economics: Models, Methods and Findings, Ronda (2022)
2. Models for Social Mobility and Skill Formation
3. Six Facts: The Technology of Skill Formation (EXTRACT from Cunha and Heckman 2007)
4. The Implications of Dynamic Complementarity for Investments across Children with Different Initial Endowments
5. Social Mobility within and between Generations
6. Understanding the Heterogeneity of Intergenerational Mobility across Neighborhoods: A Case Study of Denmark, Cholli, Durlauf, Heckman and Landersø (2022)
7. Guest Lecture: Sadegh Eshaghina
   • Is Zip Code Destiny? Re-visiting Long-run Neighborhood Effects, Eshaghnia (2022)

Lecture VIII, May 18, 2022

1. Extract from Social Mobility
2. Six Facts: The Technology of Skill Formation (EXTRACT from Cunha and Heckman 2007)
3. Models for Social Mobility and Skill Formation
4. The Implications of Dynamic Complementarity for Investments across Children with Different Initial Endowments
5. Nonparametric Tests of Dynamic Complementarity (Extract), Heckman and Zhou (2022)
6. A Theory of Intergenerational Mobility. Becker, Kominers, Murphy, and Spenkuch. (2018).
7. How the Welfare State Affects Inequality and Social Mobility: A Comparison of the U.S. and Denmark,  Heckman and Landersø (2022)

Supplemental Slides

• Social Mobility within and between Generations
• Evidence of Purposive Sorting by Families to Neighborhoods
• Neighborhood Effects and Child Outcomes: Evaluating the Recent Empirical Literature by Michael Galperin

Lecture IX, May 25, 2022

1. Guest Lectures
   • Thomas Coleman
     • TBA
   • Robert Moffitt
     • Welfare Programs, Labor Supply, and Marginal Tax Rates

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Supplemental Handouts

Week 1

• Diverging Destinies Revisited, McLanahan and Jacobsen (2015)
• Homoploutia: Top Labor and Capital Incomes in the United States, 1950-2020 by Berman and Milanovic (2020)
• Median Income and Income Inequality: From 2000 and Beyond by Burkhauser and Larrimore (2014)
• 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)
• An Integrative Framework for Conceptualizing and Assessing Social, Emotional, and Behavioral Skills: The BESSI, Soto, Napolitano, Sewell, Yoon, Roberts (2022)
• Prosociality predicts labor market success around the world by Kosse and Tincani (2020)
• The Neurodevelopment of Executive Function Skills: Implications for Academic Achievement Gaps, Zelazo and Carlson (2020)
• Simple Model of Human Capital Formation
• Psychometric Properties of the HEXACO-100

Week 2

• Gittins Index, Pandora’s Box, and Miller’s Model of Learning and Labor Market Turnover
• Ben Porath Notes
• Sheshinski Specification
• Income Mobility, Jäntti and Jenkins (2013)
• Age, Period, and Cohort Effects (Extract from The Mincer Equation and the Rate of Return to Schooling)
• Rubinstein and Weiss (2006)
  • Post Schooling Wage Growth: Investment, Search and Learning Part I
  • Post Schooling Wage Growth: Models of Wage Growth Part II
  • Post Schooling Wage Growth: Evidence on Models Part III
• EXCERPT: Gittins Index, Pandora’s Box, and Miller’s Model of Learning and Labor Market Turnover
• Economic Mobility in America a State of the Art Primer, Winship (2021)
  • Part 1: Contemporary Levels of Mobility
  • Part 2: The United States in Comparative Literature
  • Part 3: Trends in the United States

Week 3

• Skills vs. Tasks: How Important Are Occupations?  by Caines, Hoffman, and Kambourov (2016)
• The Economics and Psychology of Personality Traits
  • The Economics and Psychology of Personality Traits: Extract
• Some Contributions of Economics to the Study of Personality , Heckman, Jagelka, Kautz (2019)
• Tasks and Heterogeneous Human Capital by Yamaguchi. (2012)
• Multidimensional Skills, Sorting, and Human Capital Accumulation by Lise and Postel-Vinay (2018)
• Skills and Tasks in the Labor Market
• Skills and Firms
• A Dynamic Model of Personality, Schooling, and Occupational Choice by Todd and Zhang

Week 5

• Robot Adoption and Labor Market Dynamics by Humlum (2019)
• Increasing Differences Between Firms: Market Power and the Macroeconomy by Van Reenen (2018)
• Monopsony in the Labor Market: New Empirical Results and New Public Policies by Ashenfelter, Card, Farber, Ransom (2021)
• Theory and Evidence on Employer Collusion in the Franchise Sector by Krueger and Ashenfelter, 2018
• It’s Not Just Monopoly and Monopsony How Market Power Has Affected American Wages by Bivens, Mishel, and Schmitt (2018)

Week 8

• Neighborhood Feedback, Endogenous Stratification, and Income Inequality, Durlauf (1996)
• The Effects of Exposure to Better Neighborhoods on Children’s Long-Term Outcomes, Chetty, Hendren, Katz [handout from 2018]
• Race and Economic Opportunity in the United States: an Intergenerational Perspective, Chetty, Hendren, Jones, Porter (2020)
• Social Mobility Within and Between Generations
• Brief Comments on Chetty
• Inequality: The U.S. and Denmark, Extract
• Tanner Lectures
  • Handout: Heckman, James J. (2018). “Comments on ‘Race and Economic Opportunity in the United States: An Intergenerational Perspective’,” Tanner Lectures on Human Values, Princeton University, March 28, 2018.
  • Lecture I Video: “The Intergenerational Persistence of Racial Disparities“
  • Lecture II Video: “Neighborhood Effects: Childhood Environment and Upward Mobility” with commentary from Prudence Carter (UC Berkeley), William Galson (Brookings Institution), James J. Heckman (University of Chicago), and William Julius Wilson (Harvard University).
• Fertility and Labor Supply
  • Dynamic Microeconomic Models of Fertility Choice: A Survey, Arroyo and Zhang (1997)
  • What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital? by Gayle, Golan, and Soytas (2022)
  • Fertility and the Economy, Becker (1992)
  • Career and Family Decisions: Cohorts Born 1935-1975, Eckstein, Keane, and Lifshitz (2019).
  • Dynamic Female Labor Supply, Eckstein and Lifshitz (2011)
  • Female Labor Supply, Human Capital, and Welfare Reform by Blundell, Costa Dias, Meghir, and Shaw (2016)

Week 9

• American Inequality and Social Mobility Viewed Through a Danish Prism, Washington University, February 21, 2021
• Some Evidence on Social Mobility in the U.S. Economy Extract from: American Inequality and Social Mobility Viewed Through a Danish Prism
• The Danish Welfare State: Social mobility, Inequality, and Challenges
• Understanding the Heterogeneity of Intergenerational Mobility across Neighborhoods: A Case Study of Denmark
• Social Norms and Economic Incentives in the Welfare State, Lindbeck, Nyberg, Weibull (1999)

From 2021

• Labor Supply and Taxes: A Survey, Keane (2011)
• Health Insurance and Income Inequality, Kaestner and Lubotsky (2016)
• Labor Market Concentration, Azar, Marinescu, and Steinbaum. (2018)
• The Fall of the Labor Share and the Rise of Superstar Firms, Autor, Dorn, Katz, Patterson, and Van Reenen. (2019)
• Production Approach to Markup Estimation, Raval (2019)
• Life-Cycle Wage Growth and Heterogeneous Human Capital, Sanders and Taber. (2012)
• Imperfect Compliance Notes
• Occupation Mobility, Human Capital and the Aggregate Consequences of Task-Biased Innovations by Dvorkin and Monge-Naranjo (2019).
• Student Loans and Repayment: Theory, Evidence and Policy
• Credit Constraints and Education: Models and Analysis
• When Student Loans Linger: Characteristics of Borrowers Who Hold Student Loans over Multiple Decades, Blagg (2020)
• Family Disadvantage, Gender and the Returns to Genetic Human Capital by Ronda, Agerbo, Bleses, Mortensen, and Rosholm (2019)
• Continuous Versus Episodic Change: The Impact of Civil Rights Policy on the Economic Status of Blacks by Donohue and Heckman (1991)
• The American Family in Black & White: A Post-Racial Strategy for Improving Skills to Promote Equality  by Heckman, 2011
• Race and Gender in the Labor Market: Extract  by Altonji and Blank (1999)
• Black-White Inequality by  Neal (2020)
• Divergent Paths: A New Perspective on Earnings Differences between Black and White Men since 1940, Bayer and Charles, 2018.
• Studying Discrimination: Fundamental Challenges and Recent Progress by Charles and Guryan (2011).
• Extract from “The Gender Gap Between Earnings Distributions” by Maasoumi and Wang, 2019.
• Implicit Discrimination, Bertrand, Chugh and Mullainathan (2005)
• Detecting Discrimination, Heckman (1998)
• The Technology of Skill Formation, Cunha and Heckman (2007)
• A Theory of Intergenerational Mobility. Becker, Kominers, Murphy, and Spenkuch. (2018).
• How Bargaining in Marriage Drives Marriage Market Equilibrium, Pollak (2019)
• The Economics of Parenting, Doepke, Sorrenti, and Zilibotti (2019)
• Policies to Promote Social Mobility
  • Extract: Policies to Promote Social Mobility
• The Economics of Human Development and Social Mobility
  • Extract
• The Manipulation of Children’s Preferences, Old-Age Support, and Investment in Children’s Human Capital, Becker, Murphy, and Spenkuch. (2016).
• Actors in the Child Development Process by Del Boca, Flinn, Verriest, and Wiswall (2019)
• Extract from: Human Capital and the Rise and Fall of Families by Becker and Tomes (1986)
• Education Policy and Intergenerational Transfers in Equilibrium, Abbott, Gallipoli, Meghir, and Violante (2019)
• Parental Guidance and Supervised Learning. (2008). Lizzeri and Siniscalchi.
• Parenting With Style: Altruism and Paternalism in Intergenerational Preference Transmission by Doepke and Zilibotti (2017)
• Maternal Subjective Expectations about the Technology of Skill Formation Predict Investments in Children One Year Later by Cunha, Elo, and Culhane, 2022.
• Early and Late Human Capital Investments, Borrowing Constraints, and the Family, Caucutt, Lochner (2020)
• Household Choices and Child Development, Del Boca, Flinn, and Wiswall (2014)
• Parent–child interactions and Child Outcomes: Evidence from Randomized Intervention, Kim, Schultz, Zimmerman, and Hahlweg, 2018.
• Parents’ Incomes and Children’s Outcomes… Akee, Copeland, Keeler, Angold and Costello (2010).
• How Does Household Income Affect Child Personality Traits and Behaviors? Akee, Copeland, Costello, and Simeonova (2018)
• Not Too Late: Improving Academic Outcomes Among Adolescents, Guryan, Ludwig, Bhatt, et al. (2021)
• The Role of Labor and Marriage Markets, Preference Heterogeneity, and the Welfare System in the Life Cycle Decisions of Black, Hispanic, and White Women, Keane and Wolpin (2010)
• Dynamic Microeconomic Models of Fertility Choice: A Survey, Arroyo and Zhang (1997)
• What Accounts for the Racial Gap in Time Allocation and Intergenerational Transmission of Human Capital? by Gayle, Golan, and Soytas (2015)
• Fertility and the Economy, Becker (1992)
• Career and Family Decisions: Cohorts Born 1935-1975, Eckstein, Keane, and Lifshitz (2019)
• Dynamic Female Labor Supply, Eckstein and Lifshitz (2011)
• Family Influence, Investment, and Intergenerational Mobility by Runhua Li, Lucas Mation and Goya Razavi
• Public and parental investments and children’s skill formation, Landersø (2019)
• Parental Responses to High Quality Interventions, Garcia and Heckman (2015)
• Neighborhood Effects and Child Outcomes: Evaluating the Recent Empirical Literature by Michael Galperin
• The Role of Labor and Marriage Markets, Preference Heterogeneity, and The Welfare System… Keane and Wolpin (2010)
• Interpreting Trends in Intergenerational Mobility, Nybom and Stuhler (2016)
• Wealth Inequality and Intergenerational Links, De Nardi (2004) [handout from 2012]