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This paper studies how portable skill accumulated in the labor market are. Using rich data on tasks performed in occupations, we propose the concept of task-specific human capital to measure the transferability of skills empirically. Our results on occupational mobility and wages show that labor...
Persistent link: https://www.econbiz.de/10010268280
The objective of this paper is to construct and quantitatively assess an equilibrium search model with on-the-job search and general human capital accumulation. In the model workers enter the labour market with different abilities and firms differ in their productivities. Wages are dispersed...
Persistent link: https://www.econbiz.de/10010290001
How worker productivity evolves with tenure and experience is central to economics, shaping, for example, life …-cycle earnings and the losses from involuntary job separation. Yet, worker-level productivity is hard to identify from observational …-the-job tenure from total experience in determining productivity growth. Several findings emerge concerning the initial period on the …
Persistent link: https://www.econbiz.de/10013361996
This paper reviews Jacob Mincer?s contributions to the analyses of earnings and the distribution of earnings through … theoretical literature on the distribution of earnings in the pre-Mincer period, and then discusses his analysis of human capital … and earnings developed in his 1957 doctoral dissertation and 1958 Journal of Political Economy (JPE) article. Further …
Persistent link: https://www.econbiz.de/10010261574
Our paper contributes to the studies on the relationship between workers' human capital and their decision to become self-employed as well as their probability to survive as entrepreneurs. Analysis from a panel data set of research analysts in investment banks over 1988-1996 reveals that star...
Persistent link: https://www.econbiz.de/10012465006
Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...
Persistent link: https://www.econbiz.de/10010268676
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
evolution of earnings inequality is what we refer to as the canonical model, which elegantly and powerfully operationalizes the …-monotone changes in wages at different parts of the earnings distribution during different decades; (3) broad-based increases in … for analyzing how recent changes in the earnings and employment distribution in the United States and other advanced …
Persistent link: https://www.econbiz.de/10012462573
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
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