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Persistent link: https://www.econbiz.de/10014555929
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...
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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
This paper documents novel facts on within-occupation task and skill changes over the past two decades in Germany. In a second step, it reveals a distinct relationship between occupational work content and exposure to artificial intelligence (AI) and automation (robots). Workers in occupations...
Persistent link: https://www.econbiz.de/10014445769
capital investment by crucially investigating whether there is a link between tenure and wages - this has come to be an … reasonably strong link between wages and tenure, allowing us to infer that a value can be ascribed to the continuation of …
Persistent link: https://www.econbiz.de/10012296684
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
High-tenure workers who lose their jobs experience a large and prolonged fall in wages and earnings. The aim of this …, the model can replicate the size and persistence of the losses in earnings and wages observed in the data. We find that …
Persistent link: https://www.econbiz.de/10013472115
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