Pinkston, Joshua C. (contributor) - 2006
normal distribution:
µ ∼ N
¡
m,σ
2
µ
¢
.
In what follows, x =1,2,...indexes periods of the worker’s labor market experience … Gibbons (1996) (AP and FG in what follows) in which all learning is public. At any
level of experience x let S
x
summarize the … market’s information. I assume S
x
is an unbiased
estimate of the worker’s true productivity:
S
x
= µ + η
x
,
4
Previous …