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The idea that wages rise relative to alternatives as job seniority accumulates is the foundation of the theory of … individuals to the combination of wages, job tenure, and experience that are observed in survey data. Allowing for sources of bias … generated by these decisions, this paper uses longitudinal data to estimate a lower bound on the avenge return to job seniority …
Persistent link: https://www.econbiz.de/10012475741
Tuition reimbursement programs provide financial assistance for direct costs of education and are a type of general skills training program commonly offered by employers in the United States. Standard human capital theory argues that investment in firm-specific skills reduces turnover, while...
Persistent link: https://www.econbiz.de/10012465681
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064
sorting conditional on major choice. We highlight that women both choose majors with lower potential earnings (based on male … wages associated with those majors) and that they then subsequently sort into occupations with lower potential earnings … choose majors and occupations with lower potential earnings. Differences in undergraduate major choice explains a substantive …
Persistent link: https://www.econbiz.de/10012480292
This paper examines whether the sector bias of skill-biased technical change (sbtc) explains changing skill premia within countries in recent decades. First, using a two-factor, two-sector, two-country model we demonstrate that in many cases it is the sector bias of sbtc that determines sbtc's...
Persistent link: https://www.econbiz.de/10012472244
-Fraumeni human capital measurement framework and modify it to estimate provincial level human capital in China. We produce a …
Persistent link: https://www.econbiz.de/10012455774
correlation between density and earnings is stronger in both China and India than in the U.S., strongest in China. In India the … American metropolitan areas with comparable geographic units in Brazil, China and India. Both Gibrat's Law and Zipf's Law seem … to hold as well in Brazil as in the U.S., but China and India look quite different. In Brazil and China, the implications …
Persistent link: https://www.econbiz.de/10012456671
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
How important is human capital at the top of the U.S. income distribution? A primary source of top income is private "pass-through" business profit, which can include entrepreneurial labor income for tax reasons. This paper asks whether top pass-through profit mostly reflects human capital,...
Persistent link: https://www.econbiz.de/10012479398
Growth of technological variety offers more scope for the division of labor. And when a division of labor requires some specific training, the technological specificity of human capital grows and, with it, probably the firm specificity of that capital. We build a simple model that captures this...
Persistent link: https://www.econbiz.de/10012464649