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established by non-star analysts. Extending traditional theories of entrepreneurship and labor mobility, our results also suggest … that drivers of turnover vary by destination: (a) turnover to entrepreneurship and (b) other turnover. In contrast to … turnover to entrepreneurship, star analysts are less likely to move to other firms than non-star analysts …
Persistent link: https://www.econbiz.de/10012465006
Firms in the same industry can differ in measured productivity by multiples of 3. Griliches (1957) suggests one explanation: the quality of inputs differs across firms. We add labor market history variables such as experience and firm and industry tenure, as well as general human capital...
Persistent link: https://www.econbiz.de/10012461805
Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less regulated labour and product markets in the US. Based on the Comparative German American Structural Database and the International Adult Literacy Survey we find that employment of...
Persistent link: https://www.econbiz.de/10012471302
What is the connection between financing constraints and the equity premium? To answer this question, we build a model with inalienable human capital, in which investors finance individuals who can potentially become skilled. Though investment in skill is always optimal, it does not take place...
Persistent link: https://www.econbiz.de/10012479346
This paper develops a human capital measure in the sense of Schultz (1960) and then reevaluates the contribution of human capital to China's economic growth. The results indicate that human capital plays a much more important role in China's economic growth than available literature suggests,...
Persistent link: https://www.econbiz.de/10012462065
Employing original, representative survey data, we document that cognitive, interpersonal and physical job task demands can be measured with high validity using standard interview techniques. Job tasks vary substantially within and between occupations, are significantly related to workers'...
Persistent link: https://www.econbiz.de/10012463534
Is skill dispersion a source of comparative advantage? While it is established that a country's aggregate endowment of human capital is an important determinant of comparative advantage, this paper investigates whether the distribution of skills in the labor force can play a role in the...
Persistent link: https://www.econbiz.de/10012463553
This paper investigates the association between obesity and skill attainment in early childhood (aged 2-4 years). Data from the German Socio-Economic Panel Study are used to estimate models of developmental functioning in four critical areas (verbal skills, activities of daily living, motor...
Persistent link: https://www.econbiz.de/10012464637
In traditional signaling models, education provides a way for individuals to sort themselves by ability. Employers in turn use education to statistically discriminate, paying wages that reflect the average productivity of workers with the same given level of education. In this paper, we provide...
Persistent link: https://www.econbiz.de/10012464698
We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated employer-employee data from the U.S. Census Bureau's Longitudinal Employer-Household Dynamics Program infrastructure files spanning two Economic Censuses (1992 and 1997). We...
Persistent link: https://www.econbiz.de/10012465611