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We develop a theory of the market for individual reputation, an indicator of regard by one's peers and others. The … reputation? Using evidence for academic economists, we find that, conditional on its impact, the quantity of output has no or … central questions are: 1) Does the quantity of exposures raise reputation independent of their quality? and 2) Assuming that …
Persistent link: https://www.econbiz.de/10013153983
option values, the internal rate of return - a cornerstone of classical human capital theory - is not a useful guide to …
Persistent link: https://www.econbiz.de/10013248669
tenured economists at 25 U.S. departments. Variants of Hirsch's index that emphasize smaller numbers of highly-cited papers … perform better than Hirsch's original index and have substantial power to explain which economists are tenured at which …
Persistent link: https://www.econbiz.de/10013137591
In this paper we analyze estimation of coefficients in regression models under moment restrictions where the moment … an application based on omitted ability bias in estimation of wage regressions. The National Longitudinal Survey Young …
Persistent link: https://www.econbiz.de/10013218741
In an important and provocative paper, `Does Compulsory School Attendance Affect Schooling and Earnings?', Angrist and Krueger use quarter of birth as an instrument for educational attainment in wage equations. To support a causal interpretation of their estimates, they argue that compulsory...
Persistent link: https://www.econbiz.de/10013223879
Firms may be reluctant to provide general training if workers can quit and use their gained skills elsewhere. “Training contracts” that impose a penalty for premature quitting can help alleviate this inefficiency. Using plausibly exogenous contractual variation from a leading trucking firm,...
Persistent link: https://www.econbiz.de/10012960703
This paper examines the impacts of work experience acquired while youth were in high school (and college) on young men's wage rates during the 1980s and 1990s. Previous studies have found evidence of sizeable and persistent rates of return to working while enrolled in school, especially high...
Persistent link: https://www.econbiz.de/10013225393
's inference process declines as performance observations accumulate, the estimated effect of schooling on the level of wages is … are increasingly correlated with wages as experience increases; wage residuals are a martingale; and wage cuts -are not …
Persistent link: https://www.econbiz.de/10013324075
increase in average wages in exporting firms relative to domestic firms, consistent with earlier studies. However, using … the differential impact of trade openness on the wages of workers at exporting firms relative to otherwise identical …, non-random labor market allocation mechanisms, in determining the effects of trade policy changes on wages …
Persistent link: https://www.econbiz.de/10013122021
heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …-specific error components in wages and hours …
Persistent link: https://www.econbiz.de/10012764833