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Business Cycle Fluctuations and the Life Cycle : How Important is On-The-Job Skill Accumulation?
Hansen, Gary D. - 2007
We study the effects of on-the-job skill accumulation on average hours worked by age and the volatility of hours over the life cycle in a calibrated general equilibrium model. Two forms of skill accumulation are considered: learning by doing and on-the-job training. In our economy with learning...
Persistent link: https://www.econbiz.de/10012465043
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Employer Learning and the Signaling Value of Education
Altonji, Joseph G. - 1996
If profit maximizing firms have limited information about the general productivity of new workers, they may choose to use easily observable characteristics such as years of education to 'statistically discriminate' among workers. The pure credential value of education will depend on how quickly...
Persistent link: https://www.econbiz.de/10012473426
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Ben-Porath meets Lazear : Lifetime Skill Investment and Occupation Choice with Multiple Skills
Cavounidis, Costas - 2017
We develop a fairly general and tractable model of investment when workers can invest in multiple skills and different jobs put different weights on those skills. In addition to expected findings such as that younger workers are more likely than older workers to respond to a demand shock by...
Persistent link: https://www.econbiz.de/10012455314
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Technological Learning and Labor Market Dynamics
Gervais, Martin - 2013
The search-and-matching model of the labor market fails to match two important business cycle facts: (i) a high … in the speed of technological learning and show that a search-and-matching model featuring such shocks can account for …
Persistent link: https://www.econbiz.de/10012458896
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Heterogeneity and Cyclical Unemployment
Bils, Mark - 2009
We model worker heterogeneity in the rents from being employed in a Diamond-Mortensen-Pissarides model of matching and …
Persistent link: https://www.econbiz.de/10012463483
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Matching Capital and Labor
Berk, Jonathan B. - 2014
We establish an important role for the firm by studying capital reallocation decisions of mutual fund firms. At least 30% of the value mutual fund managers add can be attributed to the firm's role in efficiently allocating capital amongst its mutual fund managers. We find no evidence of a...
Persistent link: https://www.econbiz.de/10012458526
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Employer Learning and the Dynamics of Returns to Universities : Evidence from Chinese Elite Education during University Expansion
Démurger, Sylvie - 2019
This paper estimates the return to an elite university education over a college graduate's career using the CHIP 2013 data. We find a substantial premium for graduating from an elite Chinese university at job entry, but it declines quickly with labor market experience. This pattern is entirely...
Persistent link: https://www.econbiz.de/10012479905
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Learning about Academic Ability and the College Drop-out Decision
Stinebrickner, Todd R. - 2009
. From the standpoint of satisfying a central implication from the theory of drop-out, we find that self …
Persistent link: https://www.econbiz.de/10012463837
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Ability and Employer Learning : Evidence from the Economist Labor Market
Oyer, Paul - 2007
I study the human capital development and firm-worker matching processes for PhD economists. This group is useful for … (that is, publications.) I derive a two-period model to motivate an empirical analysis of economist job matching upon … graduation, matching ten years later, and productivity in the first ten years. I show that matching to a higher ranked …
Persistent link: https://www.econbiz.de/10012465667
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Understanding Corporate Governance Through Learning Models of Managerial Competence
Hermalin, Benjamin E. - 2014
A manager's shareholders, board of directors, and potential future employers are continually assessing his ability. A rich literature has documented that this insight has profound implications for corporate governance because assessment generates incentives (good and bad), introduces assorted...
Persistent link: https://www.econbiz.de/10012458636