rises with experience in the new sector. …

We examine the dynamic role of education and experience as determinants of wages. It is hypothesized that an employee … market experience and increase with initially unobserved ability, since the employer gradually obtains better information on …

The standard assumption in economic theory is that preferences do not change as a result of experience with the … as experience is accumulated. This paper tests the effect of experience with a health-care service on preferences for … maternity-ward attributes. In order to explore the effect of experience on preferences, the research sample was decomposed into …

substitution of low education / high experience workers by low experience / high education workers by using US and French microdata … explain the changes in returns to experience. It also accounts for a part of the increase in returns to education between 1980 …: the elasticity of substitution between experience and education, which is found to be less than half. In France, the …

This paper analyzes optimal re-election bars when incumbents gain socially valuable experience in office. We develop a … two-period model in which the output of a public good depends on an office-holder's effort, ability and experience. When …. Together, these effects outweigh the expected loss of incumbents' acquired experience, which results from their reduced chances …

result of experience with the good/service/event. Behavioral scientists have challenged this assumption and claimed … (providing evidence) that preferences are constantly changing when experience is accumulated. This paper tests the effect of … experience on preferences for attributes of health-care events. We are using two very different samples and a methodology that …

Using detailed data on currency transactions of institutional investors, this paper shows that funds that experience …

We use a comprehensive dataset of Funds-of-Hedge-Funds (FoFs) to investigate performance, risk and capital formation in … identify FoFs capable of delivering persistent alpha. We find that these more successful hedge funds experience far greater … superior performance over time. In keeping with this implication, we provide evidence that even successful hedge funds have …