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This paper develops and estimates a search model in which career-specific and firm-specific matches determine job …
Persistent link: https://www.econbiz.de/10005069217
Job search models of the labor market hypothesize a very tight correspondence between the determinants of labor … systematic examination of whether this correspondence is present in the data by estimating a rudimentary partial equilibrium job … job search model fits the data surprisingly well. This also allows us to point at a number of interesting empirical …
Persistent link: https://www.econbiz.de/10005069575
Persistent link: https://www.econbiz.de/10005027241
A dynamic general equilibrium model of work, schooling, occupational and sectoral decisions is developed and estimated. The model is fit to data on life cycle employment, schooling, occupational and sectoral decisions, and on life cycle labor earnings, within and between cohorts observed in the...
Persistent link: https://www.econbiz.de/10005090875
In this paper we document substantial returns to occupational tenure. Everything else being constant, ten years of occupational tenure are likely to increase wages by at least $19\%$. Moreover, we show that when occupational experience is taken into account, tenure with an industry or an...
Persistent link: https://www.econbiz.de/10005090910
This paper introduces a tractable general equilibrium overlapping-generations model of human capital accumulation, and shows that it provides a consistent explanation of several key features of the evolution of the U.S. wage distribution from 1970 to 2000. The framework is based on the...
Persistent link: https://www.econbiz.de/10005069204
Two salient changes in the US wage structure have occurred over the past three decades: first, a sharp increase in the wage premium to schooling despite a continual increase in the supply of schooling, and second, a rise and then fall of the wage premium to work experience. Capital-skill...
Persistent link: https://www.econbiz.de/10005069246
In this paper we explicitly model and estimate an education system that produces human capital. An important innovation is that technological change in the production functions associated with any level of education is permitted and the rate of change may be different at different levels and for...
Persistent link: https://www.econbiz.de/10005069560
raises the probability of a worker obtaining a non-agricultural job. To extract the causal effect of education, I use the … worker will obtain a non-agricultural job by 4.53%. However, what does this estimation imply for transition and aggregate …
Persistent link: https://www.econbiz.de/10005090758
Persistent link: https://www.econbiz.de/10005051345