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Essays on Human Capital Development.

Chen, Liming.

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Essays on Human Capital Development.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays on Human Capital Development./
Author:	Chen, Liming.
Published:	Ann Arbor : ProQuest Dissertations & Theses, : 2017,
Description:	108 p.
Notes:	Source: Dissertation Abstracts International, Volume: 78-09(E), Section: A.
Contained By:	Dissertation Abstracts International78-09A(E).
Subject:	Economic theory. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10260492
ISBN:	9781369715095

Essays on Human Capital Development.
Chen, Liming.

Essays on Human Capital Development. - Ann Arbor : ProQuest Dissertations & Theses, 2017 - 108 p.

Source: Dissertation Abstracts International, Volume: 78-09(E), Section: A.

Thesis (Ph.D.)--University of California, Santa Barbara, 2017.

This dissertation consists of three papers on human capital development. In the first chapter, I study the design of optimal unemployment insurance by introducing depreciating skill level of unemployed workers. Under this assumption, the sufficient conditions for a decreasing unemployment benefit and an increasing income tax rate for future wage in basic optimal unemployment insurance model no longer hold. The numerical results show that as skill depreciation rate increases, the optimal sequence starts to behave as a U-shaped function with the turning point starts earlier until the sequence would become monotonically increasing. Meanwhile the unemployment rate discrepancy between optimal scheme and current scheme becomes higher, and the expected cost of optimal scheme increases and exceeds that of current scheme.

ISBN: 9781369715095Subjects--Topical Terms:

1556984
Economic theory.

Essays on Human Capital Development.
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100 1 $a Chen, Liming. $3 1948896
245 1 0 $a Essays on Human Capital Development.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2017
300 $a 108 p.
500 $a Source: Dissertation Abstracts International, Volume: 78-09(E), Section: A.
500 $a Adviser: Peter Rupert.
502 $a Thesis (Ph.D.)--University of California, Santa Barbara, 2017.
520 $a This dissertation consists of three papers on human capital development. In the first chapter, I study the design of optimal unemployment insurance by introducing depreciating skill level of unemployed workers. Under this assumption, the sufficient conditions for a decreasing unemployment benefit and an increasing income tax rate for future wage in basic optimal unemployment insurance model no longer hold. The numerical results show that as skill depreciation rate increases, the optimal sequence starts to behave as a U-shaped function with the turning point starts earlier until the sequence would become monotonically increasing. Meanwhile the unemployment rate discrepancy between optimal scheme and current scheme becomes higher, and the expected cost of optimal scheme increases and exceeds that of current scheme.
520 $a The second charpter, joint work with Aashish Mehta, investigates the claim that globalization has resulted in deeper and growing interconnections between countries' labor markets. While poorly understood conceptually, and scarcely studied empirically outside of advanced economies, the claim has had enormous influence on public policy. In this context, we make conceptual and empirical contributions. Our conceptual contribution is to argue for consideration of an increase in the fraction of the workforce employed in sectors that produce tradable goods and services - those that can be produced remotely from their immediate user, and whose domestic prices are therefore strongly influenced by conditions in world markets. We argue that trends in the tradables' share of employment are relevant when considering responses to balance of payments problems, attempts to lift labor standards, and education policy to spur "international competitiveness" and job creation. Our empirical contribution is to show that the tradables' share of employment has declined rapidly in developing countries, and, to a first approximation declined slowly or stagnated in richer countries. Indeed, it appears that we are headed for a world in which only 15-40\% of people produce tradable products for a living, with possibly surprising implications for policy.
520 $a The final chapter, joint work with Xintong Yang, proposes a two-region dynamic general equilibrium model in which both workers and firms endogenously decide where to locate to study the effect of human capital spillover on migration and housing market. The key mechanism of the model is that the receiving cities are better places for workers to learn and improve future earnings. We calibrate the initial period of the model to China economy in 2003, and investigate whether the model is consistent with migration and housing prices observed in data of the sample period 2003-2013. We find that the model can account for the key features associated with migration and housing market in China, including the increase in the share of urban population in the major Chinese cities, the large scale housing price appreciation, the decrease in per capita floor space in receiving cities, and the increase in per capita floor space in sending cities.
590 $a School code: 0035.
650 4 $a Economic theory. $3 1556984
690 $a 0511
710 2 $a University of California, Santa Barbara. $b Economics. $3 1263733
773 0 $t Dissertation Abstracts International $g 78-09A(E).
790 $a 0035
791 $a Ph.D.
792 $a 2017
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10260492