Standard search models are unreliable for structural inference of the underlying sources ofwage inequality because they are inconsistent with observed residual wage dispersion. Weaddress this issue by modeling skill development and duration dependence in unemploymentbenefits in a random on the...

The existing literature on training is concerned with understanding the reasons whyfirms pay for the general skills of their workers, but without explaining which firmstrain which workers. This paper develops a theory that both explains the willingnessof firms to pay for general training, and...

Owing to changes in the business environment, there has been a tremendous adoption of innovativeworkplace organisation (WO) and human resource (HR) practices during the last fewdecades. Assuming a holistic perspective on human resource management (HRM), the presentstudy establishes the...

This article puts the relationship between wage dispersion and firm productivity to an updatedtest, taking advantage of access to detailed Belgian linked employer-employee panel data.Controlling for simultaneity issues, time-invariant workplace characteristics and dynamics inthe adjustment...

UK government policy encourages mothers of young children in low-income families to enter or return to work, via tax credit subsidies and support for childcare. Maternal employment is seen a central plank in the campaign against child poverty, both because it raises income immediately and...

Evidence about job mobility outside the U.S. is scarce and difficult to compare crossnationallybecause of non-uniform data. We document job mobility patterns of collegegraduates in their first three years in the labor market, using unique uniform data covering 11European countries and Japan....

This paper uses firm level panel data of firm provided training to estimate its impact onproductivity and wages. To this end the strategy proposed by Ackerberg, Caves and Frazer(2006) for estimating production functions to control for the endogeneity of input factors andtraining is applied. The...

How valuable is education for entrepreneurs’ performance as compared to employees’?What might explain any differences? And does education affect peoples’ occupationalchoices accordingly? We answer these questions based on a large panel of US labor forceparticipants. We show that education...

We use a unique firm-level data set merging administrative information on average wagespaid by firms by skill level (blue collars and white collars), Population Census information onthe local stock of human capital available to firms and survey information on firmcharacteristics to investigate...

We combine two empirical observations in a general equilibrium occupational choice model.The first is that entrepreneurs have more control than employees over the employment ofand accruals from assets, such as human capital. The second observation is thatentrepreneurs enjoy higher returns to...