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Why Do Wage Profiles Slope Upwards? Tests of the General Human Capital Model
Neumark, David - 1994
This paper tests some empirical implications of the general human capital model's explanation of rising wage profiles. At the individual level, the model implies that there will be a negative relationship between the initial wage level and wage growth of young, inexperienced workers. At the...
Persistent link: https://www.econbiz.de/10012474244
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Human Capital, Technology, and the Wage Structure : What Do Time Series Show?
Mincer, Jacob - 1991
experience profiles of wages is explained, in part, by changes in relative demographic supplies (cohort effects), and in part by …
Persistent link: https://www.econbiz.de/10012475439
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Estimating The Age-Productivity Profile Using Lifetime Earnings
Kotlikoff, Laurence J. - 1988
substantial. In addition to confirming some features of contract theory, the results lend support to the bonding models of Becker …
Persistent link: https://www.econbiz.de/10012476269
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Intra-Household Insurance and the Intergenerational Transmission of Income Risk
Agostinelli, Francesco; Ferraro, Domenico; Qiu, Xincheng; … - National Bureau of Economic Research - 2024
This paper studies the mechanisms and the extent to which parental wage risk passes through to children's skill development. Through a quantitative dynamic labor supply model in which two parents choose whether to work short or long hours or not work at all, time spent with children, and...
Persistent link: https://www.econbiz.de/10014468296
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Opening the Black Box : Task and Skill Mix and Productivity Dispersion
Blackwood, G. Jacob; Cunningham, Cindy; Dey, Matthew S.; … - National Bureau of Economic Research - 2022
An important gap in most empirical studies of establishment-level productivity is the limited information about workers' characteristics and their tasks. Skill-adjusted labor input measures have been shown to be important for aggregate productivity measurement. Moreover, the theoretical...
Persistent link: https://www.econbiz.de/10013462669
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Risk Management and the Autonomy of Labor
Dambaur, Andreas J.; Ericson, Keith M. Marzilli; … - National Bureau of Economic Research - 2022
Foresightful workers can take actions to reduce their exposure to risk in labor markets, but existing evidence on narrow bracketing suggests that individuals might not optimally integrate risk reduction decisions with subsequent labor decisions. In an online labor market, we vary the level of...
Persistent link: https://www.econbiz.de/10013477286
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Wages and Human Capital in the U.S. Financial Industry : 1909-2006
Philippon, Thomas - 2009
We use detailed information about wages, education and occupations to shed light on the evolution of the U.S. financial … also shows that wages in finance were excessively high around 1930 and from the mid 1990s until 2006. For the recent period …
Persistent link: https://www.econbiz.de/10012464005
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Tied Wage-Hours Offers and the Endogeneity of Wages
Lundberg, Shelly J. - 1984
implements a pair of tests for the exogeneity of wages in a longitudinal labor supply model, and for the particular failure of … hours Granger -- cause wages at the individual level. The second test involves a simultaneous estimation of labor supply and … from the process generating wages, even when long time series are available on a sample of individuals …
Persistent link: https://www.econbiz.de/10012477658
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Male-Female Differences in Wages and Employment : A Specific Human Capital Model
Landes, Elisabeth M. - 1974
This paper analyzes the effects of differential turnover patterns and the existence of firm specific training, jointly financed by employer and employee, on male-female wage and employment differentials. Chapter 1 introduces the topic of sex differences in occupational distribution and...
Persistent link: https://www.econbiz.de/10012479096
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Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?
Haskel, Jonathan E. - 1998
This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's...
Persistent link: https://www.econbiz.de/10012472244