【Empirical Seminar】Intertemporal Labour Supply and Human Capital Response to Wealth Shocks: Evidence from Lottery Wins
2025/06/24
研討會日期 : 2025-06-24
時間 : 14:30
主講人 : Professor Marc K. Chan
地點 : Conference Room B110
主持人 : Professor Kamhon Kan
演講者簡介 : Professor Marc K. Chan received his Ph.D. in Economics from Johns Hopkins University in 2009. He is currently a Professor of Econometrics at the University of Melbourne. His research interests are Labor Economics, Public Economics, and Econometrics.
演講摘要 : We study the labor supply and human capital effects of lottery winnings using administrative data in Taiwan. Winners reduce their labor market participation, leading to significant declines in cumulative work experience. This deterioration translate into lower earnings over the long run, particularly among younger individuals. Combined with a life-cycle structural model of consumption, labour supply, and human capital accumulation, we quantify the role of on-the-job experience in human capital accumulation and underscore the hidden costs of short-run labor supply reductions induced by unearned income.
