Human capital and earnings distribution dynamics

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Human capital and earnings distribution dynamics (2006)

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by Mark Huggett , Gustavo Ventura , Amir Yaron , We Thank Jim Albrecht , Martin Browning , Eric French , Jonathan Heathcote , Krishna Kumar , Victor Rios-rull , Peter Rupert , Thomas Sargent , Neil Wallace , Bruce Weinberg , Kenneth Wolpin

Venue:	Journal of Monetary Economics
Citations:	39 - 1 self

Citations

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2	3: Find the initial distribution. To calculate the optimal decision rule in step 1, for any value of learning ability a, we put a non-uniform grid on human capital of 300 points on [0, h∗], where the choice of h∗ may be revised depending on the results of - Step - 1992