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 …

This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find … opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with … predictions of at least three theoretical frameworks: human capital theory, search theory, and a "locus of control" model. …

Community Survey to examine the effect of formal schooling on worker wages. Given the potential endogeneity of education … censuses. The instrumental variables results suggest that schooling has a significant positive effect on worker wages …. Specifically, an additional year or schooling is estimated to increase hourly wages by 10 percent for men and 12.6 percent for …

Wages grow but also become more unequal as workers age. Using German administrative data, we largely attribute both …

Wages grow but also become more unequal as workers age. Using German administrative data, we largely attribute both …

The impact of schooling on wages decreases as employers learn about workers' abilities from their experience. While …

This article documents the long-term relationship among juvenile conviction, occupation choices, employment, wages, and … as a human capital investment vehicle through which juvenile crimes have a long-term impact on wages and recidivism …