by Yau Oi-Man. / Thesis (M.Phil.)--Chinese University of Hong Kong, 1992. / Includes bibliographical references. / ABSTRACT / ACKNOWLEDGE / Chapter CHAPTER I --- --- LITERATURE REVIEW --- p.1-16 / Chapter CHAPTER II --- --- TOURNAMENT AND SPECIFIC HUMAN CAPITAL --- p.17-55 / Chapter CHAPTER III --- --- THEORETICAL FOUNDATION OF EXPERIMENTS --- p.56-70 / Chapter CHAPTER IV --- --- EXPERIMENTS --- p.71-111 / SUMMARY --- p.112 / BIBLIOGRAPHY

Lee Chun Sing. / Thesis (M.Phil.)--Chinese University of Hong Kong, 2006. / Includes bibliographical references (leaves 64-68). / Abstracts in English and Chinese. / Abstract --- p.i-ii / Acknowledgment --- p.iii / Contents --- p.iv / Lists of Tables --- p.vi / Lists of Figures --- p.vii / Chapter Chapter One --- Introduction --- p.1 / Chapter Chapter Two --- The Basic Model with Exogeneous Real Interest Rate --- p.6 / Chapter 2.1 --- Introduction --- p.6 / Chapter 2.2 --- Benchmark Model --- p.9 / Chapter 2.3 --- Discussion of Results --- p.18 / Chapter 2.3.1 --- Agent Behaviour --- p.19 / Chapter 2.4 --- Numerical Examples --- p.23 / Chapter 2.4.1 --- Base Results --- p.25 / Chapter Chapter Three --- The Basic Model with Endogeneous Real Interest Rate --- p.28 / Chapter 3.1 --- Numerical Examples --- p.30 / Chapter 3.1.1 --- Base Results --- p.30 / Chapter 3.2 --- Government Policy Evaluation --- p.33 / Chapter 3.2.1 --- Education Subsidies --- p.35 / Chapter 3.2.2 --- Wage Subsidy --- p.35 / Chapter 3.2.3 --- Base Case Outcome --- p.36 / Chapter Chapter Four --- Conclusions --- p.40 / Appendix A --- p.41 / Appendix B --- p.42 / Appendix C --- p.42 / Tables --- p.47 / Figures --- p.58 / References --- p.64

This thesis focusses on three areas in the theory of intertemporal utility maximization. First, I integrate the theory of labor supply and human capital accumulation. I formulate a model of intertemporal utility maximization in which time is allocated between leisure, schooling and work. It is assumed that the wage rate is a function of years of schooling and experience which, in turn, is a function of the total number of hours that the individual has worked so far. Second, I develop a new technique which allows us to estimate functional relationships derived from optimal control problems for which no analytic solution exists. Third, I estimate the proposed model for two different data sets. Flexible functional forms are employed for estimation purposes and every effort is made so that the empirical model approximates as closely as possible the theoretical one. / Arts, Faculty of / Vancouver School of Economics / Graduate