The Human Capital Production Function: New Estimates and Implications for Labor Supply and Taxes
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This paper estimates a learning-by-doing human-capital production function in which hours affect both current productivity and future human capital. We show that the standard Ben-Porath specification is weakly identified: its objective function is nearly flat along a ridge in parameter space,
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美国国家经济研究局创建时间：
2026-05-01
