Aloysius Siow

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This paper develops and estimates an overlapping generations general equilibrium model of labor earnings, skill formation, and physical capital accumulation with heterogenous human capital. The model analyzes both schooling choices and post-school on-the-job investment in skills in a framework in which different schooling levels index different skills. A(More)
This paper proposes and estimates a static non-parametric transferable utility model of the marriage market. The model rationalizes the standard interpretation of marriage rate regressions as well as pointing out its limitations. The model was used to estimate US marital behavior in 1971/72 and 1981/82. The estimates show that the gains to marriage for(More)
The Canada-U.S. Free Trade Agreement (FTA) provides a unique window onto the effects of a reciprocal trade agreement on an industrialized economy (Canada). For industries that experienced the deepest Canadian tariff cuts, employment fell by 12 percent and labour productivity rose by 15 percent as low-productivity plants contracted. For industries that(More)
Several recent studies have found that earnings inequality in Canada has grown considerably since the late 1970’s. Using an extraordinary data base drawn from longitudinal income tax records, we decompose this growth in earnings inequality into its persistent and transitory components. We find that the growth in earnings inequality reflects both an increase(More)
This paper sets out, then estimates, the first equilibrium model for analyzing residential sorting that uses individual data. Our framework extends prior research by permitting a very flexible characterization of preferences, incorporating the geography of the urban housing market in a natural way, and developing a strategy for dealing with the endogeneity(More)
This paper studies pre-marital parental investments in their children’s wealth where spousal wealth is a public good in marriage. By investing in their children’s wealth, parents increase the wealth of their children and the quality of the spouses that their children can marry. In large marriage markets, the hedonic return to investment internalizes all the(More)
In a static frictionless transferable utilities bilateral matching market with systematic and idiosyncratic payo¤s, supermodularity of the match output function implies a strong form of positive assortative matching: The equilibrium matching distribution has all positive local log odd ratios or totally positive of order 2 (TP2). A particular form of a(More)
  • Gilles Duranton, Vassilis Monastiriotis, +10 authors Dan Trefler
  • 2001
In this paper we apply earnings equations for UK regions over 1982-1997. We find strong evidence of rapid convergence across regions regarding the determinants of individual wages (ie regional fixed-effects, gender gaps and returns to education and experience). Data on average regional earnings, by contrast, point at a worsening of UK regional inequalities(More)
This paper investigates the sequential college attendance decisions of young women and quantifies the impact of marriage expectations on their college decisions. A dynamic choice model of college attendance, labor supply, and marriage is formulated and structurally estimated using panel data from the National Longitudinal Survey of Youth 1979 (NLSY79). The(More)