Kwon, Illoong; Meyersson Milgrom, Eva M. - In: Labour Economics 31 (2014) C, pp. 162-173
This paper analyzes firms' hiring and promotion patterns, and infers the relative significance of the firm- and occupation-specific human capital required for each job rank. The results suggest that firm-specific skills are just as valuable as occupation-specific skills, and that the value of...