Showing 1 - 8 of 8
We use the labor market for doctorates in the biomedical sciences, where career dislocation is common, as a case study of skill-task mismatch and its consequences. Using longitudinal, worker-level data on biomedical doctorates, we investigate mismatch as an explanation for the negative pecuniary...
Persistent link: https://www.econbiz.de/10014226116
The U.S. college wage premium doubles over the life cycle, from 27 percent at age 25 to 60 percent at age 55. Using a panel survey of workers followed through age 60, I show that growth in the college wage premium is primarily explained by occupational sorting. Shortly after graduating, workers...
Persistent link: https://www.econbiz.de/10014322761
Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...
Persistent link: https://www.econbiz.de/10014447307
This paper investigates the causal effect of job training on wage rates in the presence of firm heterogeneity. When training affects worker sorting to firms, sample selection is no longer binary but is "multilayered". This paper extends the canonical Heckman (1979) sample selection model - which...
Persistent link: https://www.econbiz.de/10015072893
and Sweden experience the lowest earnings declines following job displacement, while workers in Italy, Spain, and Portugal …
Persistent link: https://www.econbiz.de/10012938696
of creative destruction, we draw a distinction between technological innovation advanced by the firm, or its competitors …. Using administrative data from the United States, we find that own firm innovation is associated with a modest increase in … worker earnings growth, while innovation by competing firms is related to lower future worker earnings. Importantly, these …
Persistent link: https://www.econbiz.de/10012481921
Innovation in the U.S. economy is about employing and rewarding highly talented workers to produce new products. Using … innovation, or high variance payoffs, are more likely to attract and pay for star workers. Thus, firms in high variance product …
Persistent link: https://www.econbiz.de/10012466229
High-skilled immigrants are a very important component of U.S. innovation and entrepreneurship. Immigrants account for … home country remains unclear. We know very little about return migration of workers engaged in innovation and …
Persistent link: https://www.econbiz.de/10012459284