Human capital, productivity and wages

Human capital is a life-long process and a key driver of family income and economic wellbeing. The employment and earnings trajectories that individuals face over their adult lives are intimately linked to the formation of skills during childhood and the continuing investment in skills later in life. But they also depend on labour market conditions and institutions. Our research in this area seeks to advance understanding of the process of human capital formation, how it relates to socio-economic background, its role in driving family income and economic inequality. We investigate the importance of family, education and labour market policies in promoting the accumulation of skills and mitigating the consequences of low skills and low pay, and consider how labour market conditions and institutions shape the relationship between human capital, productivity and wages.

Journal Article | American Economic Journal: Applied Economics
We evaluate the long-term impacts of a randomized Colombian training and job placement program.
Journal Article | Review of Economic Studies
wages_experience_and_seniority
Journal Article | American Economic Review
We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks.

Contacts

Wenchao (Michelle) Jin

Wenchao (Michelle) Jin

Research Economist

Jonathan Cribb

Jonathan Cribb

Senior Research Economist

Lorraine Dearden

Lorraine Dearden

Research Fellow

Barbara Sianesi

Barbara Sianesi

Senior Research Economist

Claire Crawford

Claire Crawford

Research Fellow

Imran Rasul

Imran Rasul

Co-director, CPP

Luke Sibieta

Luke Sibieta

Programme Director

Vittorio Bassi

Vittorio Bassi

International Research Fellow