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Title: Human Capital and Sectoral Labor Allocation

Citation Type: Miscellaneous

Publication Year: 2022

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Abstract: This paper argues that the public education policies, which affect schooling years and education quality, are important to understand sectoral employment and productivity. We build a general equilibrium multi-sector heterogeneous-agent life-cycle model, which features both education investment, in terms of schooling years and expenditure, and sectoral employment choices. Disciplining the stock of human capital using schooling years and return data, we perform counter-factual experiments and show that eliminating public education policies would increase agricultural employment by 46% while endowing the country with U.S. public education policies would reduce the agricultural employment by 13% even when assuming constant years of schooling.

Url: https://econ.ntu.edu.tw/uploads/asset/data/634cfcb348b8a17c160028ca/macro_1111020.pdf

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Authors: Cheung, T Terry; Yao, Yao

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Data Collections: IPUMS USA

Topics: Education, Labor Force and Occupational Structure

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