Journal article
The Cyclical Behavior of Skill Acquisition
Review of economic dynamics, Vol.4(3), pp.536-561
07/01/2001
DOI: 10.1006/redy.2000.0124
Abstract
We use a business cycle model to analyze the general equilibrium implications of a representative agent's decision to devote time to skill acquisition activities, which are modeled as boosting subsequent labor productivity by increasing the stock of human capital. We use aggregate data on consumption, investment, and labor hours to estimate the parameters of the model, and then use the estimated model and the observed data to infer the aggregate behavior of skill acquisition activities. We find that these activities have important cyclical implications and are distinctly countercyclical; they also exhibit a systematic correspondence with college enrollment data. Journal of Economic Literature Classification Numbers: E32, J22, J24.
Details
- Title: Subtitle
- The Cyclical Behavior of Skill Acquisition
- Creators
- David N. DeJong - University of PittsburghBeth F. Ingram - University of Iowa
- Resource Type
- Journal article
- Publication Details
- Review of economic dynamics, Vol.4(3), pp.536-561
- DOI
- 10.1006/redy.2000.0124
- ISSN
- 1094-2025
- eISSN
- 1096-6099
- Publisher
- Elsevier Inc
- Number of pages
- 26
- Language
- English
- Date published
- 07/01/2001
- Academic Unit
- Economics
- Record Identifier
- 9984962885302771
Metrics
1 Record Views