Capabilities, Allocation and Earnings

Online-Ressource (XII, 324 p)

online resource

1 Introduction1.1 Introduction -- 1.2 Key concepts used -- 1.3 Organization of the book -- 2 Labor Demand -- 2.1 Introduction -- 2.2 The long run: designing the job structure -- 2.3 The ABC of labor division: Adam Smith, Charles Babbage and John Commons -- 2.4 Working conditions -- 2.5 Labor demand in the short run -- 2.6 Concluding remarks -- 3 Schooling and Supply -- 3.1 Introduction -- 3.2 Short run labor supply -- 3.3 Schooling in the smooth labor market -- 3.4 Schooling with constraints -- 3.5 Utility maximization -- 3.6 Conclusions -- 4 Equilibrium and Optimum -- 4.1 Introduction -- 4.2 The Lucas-Rosen model -- 4.3 The Tinbergen model -- 4.4 Comparative advantage -- 4.5 Optimal provision of job characteristics -- 4.6 Optimal schooling provisions -- 4.7 Conclusions -- Appendix 4.1.: Derivatives of the Tinbergen model -- 5 Implications for Empirical Work -- 5.1 Introduction -- 5.2 Implications and predictions -- 5.3 Econometric models of selfselection -- 5.4 Estimating structural models -- 5.5 The Datasets -- 5.6 Concluding remarks -- Appendix 5.1 The Brabant data -- Appendix 5.2 The ARBI job level scale -- Appendix 5.3 The CBS job level scale -- 6 Allocation -- 6.1 Introduction -- 6.2 Multinomial logit models for allocation -- 6.3 An ordered response model for allocation -- 6.4 Concluding remarks -- 7 Earnings -- 7.1 Introduction -- 7.2 Education and job level -- 7.3 Earnings functions by job level -- 7.4 Allocation and the nature of the earnings function -- 7.5 Overeducation and underutilization -- 7.6 Conclusions -- Appendix 7.1 Hay’s model -- 8 Applications, Conclusions, Extensions -- 8.1 Introduction -- 8.2 Young Mediterraneans in the Dutch labor market -- 8.3 Self-selection in educational choice -- 8.4 An overview of results -- 8.5 To be continued -- Appendix: Symbols Used -- Notes -- Name Index.

10.1007/978-94-011-2972-5 [DOI]

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