Breen Xu

Breen Xu

5656 posts published

Human capital acquisition and occupational choice: Implications for economic development

Human capital acquisition and occupational choice: Implications for economic development

Using household-level data from Mexico we document patterns among schooling, entrepreneurial decisions and household characteristics such as for example assets, talent of household members and age of your family head. Motivated by our findings, we create a heterogeneous-agent, incomplete-markets, overlapping-generations dynasty model. Households jointly decide over their life cycle on