capital is also prone to becoming obsolete over time. Skills that have been acquired at one point in time may perfectly match … experience-based tasks. Knowledgebased tasks demand skills depending on the actual stock of technological knowledge in a society … whereas experience-based tasks demand skills depending on personal factors and individual experience values. We show, by …

In this paper, we study the role of occupational skills in individuals’ labor market transitions. Using rich data on … skills required in occupations, we introduce a concept of occupation-specific human capital and develop empirical measures … distance) suffer smaller wage losses than individuals with more distant moves. Thus, we show that skills are transferable …

capital is also prone to becoming obsolete over time. Skills that have been acquired at one point in time may perfectly match … experience-based tasks. Knowledge-based tasks demand skills depending on the actual stock of technological knowledge in a society … whereas experience-based tasks demand skills depending on personal factors and individual experience values. We show, by …