Comovement of labor supply and human capital investment in policy analysis.

Autor/inn/en	Jeong, Minhyeon; Jung, Euiyoung; Lee, Chul-In
Titel	Comovement of labor supply and human capital investment in policy analysis. Gefälligkeitsübersetzung: Übereinstimmung von Arbeitsangebot und Humankapitalinvestitionen in der politischen Analyse.
Quelle	In: Economics letters, (2024) 245, 4 S. PDF als Volltext Link als defekt meldenVerfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0165-1765
DOI	10.1016/j.econlet.2024.112056
Schlagwörter	Bildung; Industriestaat; Reformpolitik; Humankapital; Investition; Lohnhöhe; Steuerpolitik; Arbeitskräfteangebot; Erwerbsverhalten; Auswirkung
Abstract	"Quantitative studies of human capital report the comovement of labor and human capital investment in response to policy changes, which is usually understood based on the intuition that human capital is utilized only while working: both inputs are complements in the formation of effective labor. Given the lack of (i) theoretical analysis of exact conditions and (ii) the preference-side intuition that both inputs involve disutility leading to a similar comovement, we fill the gap. The general condition for the comovement specifies the minimum extent of disutility smoothing between labor and human capital investment, and the prior intuition relaxes this condition, raising comovement possibilities. The conclusion has wide applicabilities in policy analysis." (Author's abstract, IAB-Doku, © 2024 Elsevier B.V. All rights are reserved, including those for text and data mining, AI training, and similar technologies.).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2025/2