We develop a general equilibrium overlapping generations model which is based on the view that education makes workers … increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on … relationship between education and economic growth that has been found in the empirical macroeconomic literature. Conversely, for a …

We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and … Survey data on accepted wages and employment durations. We show that it captures almost perfectly the joint distribution of … wages and job spells. We find that the rate of learning-by-doing has an important positive effect on aggregate output and a …

We examine the dynamic role of education and experience as determinants of wages. It is hypothesized that an employee …'s education is an important signal to the employer initially. Over time, the returns to schooling should decrease with labor …

to education. While the empirical basis is still thin, the results suggest that Signaling contributes at most about 25 …% to the observed returns to education …

union density on firm productivity and wages in the population of Norwegian firms over the period 2001 to 2012. Increases in … union density lead to substantial increases in firm productivity and wages having accounted for the potential endogeneity of …

research explained why education enhances earnings; why earnings rise at a diminishing rate throughout one's life; why earnings …

profiles. Our study also explains the willingness of immigrants to accept jobs at wages that seem unacceptable to natives …

worker's ability. The employing firm must then increase wages to prevent the worker from being bid away. Less educated … accordance with our hypotheses regarding the effect of both age and education on the gains to promotion. However, the statistical …