Lance Lochner - Latest
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Earnings Dynamics and Intergenerational Transmission of Skill
How are your past, current and future earnings related to those of your parents? We explore this by using 37 years of Canadian tax data on two generations. -
Child Skill Production: Accounting for Parental and Market-Based Time and Goods Investments
Can daycare replace parents’ time spent with children? We explore this by using data on how parents spend time and money on children and how this spending is related to their child’s development. -
The Evolution of Unobserved Skill Returns in the U.S.: A New Approach Using Panel Data
Economists disagree about the factors driving the substantial increase in residual wage inequality in the United States over the past few decades. To identify changes in the returns to unobserved skills, we make a novel assumption about the dynamics of skills (especially among older workers) rather than about the stability of skill distributions across cohorts, as is standard.