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The Rate of Learning-By-Doing : Estimates from a Search-Matching Model
Prat, Julien - 2021
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 …
Persistent link: https://www.econbiz.de/10013317075
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Schooling, Employer Learning, and Internal Labor Market Effect : Wage Dynamics and Human Capital Investment in the Japanese Steel Industry, 1930-1960s
Nakabayashi, Masaki - 2012
The impact of schooling on wages decreases as employers learn about workers' abilities from their experience. While …
Persistent link: https://www.econbiz.de/10013114830
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Approaches to learn about employer learning
Ablay, Mahmut; Lange, Fabian - 2022
The empirical literature on employer learning assumes that employers learn about unobserved ability differences across workers as they spend time in the labor market. This article describes testable implications that arise from this basic hypothesis and how they have been used to quantify the...
Persistent link: https://www.econbiz.de/10013471383
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Approaches to learn about employer learning
Ablay, Mahmut; Lange, Fabian - 2022
The empirical literature on employer learning assumes that employers learn about unobserved ability differences across workers as they spend time in the labor market. This article describes testable implications that arise from this basic hypothesis and how they have been used to quantify the...
Persistent link: https://www.econbiz.de/10013474635
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Imperfect signals
Graetz, Georg - 2023
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection - such as noise and multi-dimensional types - and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014250664
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Imperfect signals
Graetz, Georg - 2023
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection-such as noise and multi-dimensional types-and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014265586
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Imperfect signals
Graetz, Georg - 2023
A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection - such as noise and multi-dimensional types - and characterize their implications for the private return to skill...
Persistent link: https://www.econbiz.de/10014250931
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CEO Wage Dynamics : Estimates from a Learning Model
Taylor, Lucian A. - 2020
The level of Chief Executive Officer (CEO) pay responds asymmetrically to good and bad news about the CEO's ability. The average CEO captures approximately half of the surpluses from good news, implying CEOs and shareholders have roughly equal bargaining power. In contrast, the average CEO bears...
Persistent link: https://www.econbiz.de/10012857523
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Skill Policies for Scotland
Heckman, James J.; Masterov, Dimitriy V. - 2021
This paper argues that skill formation is a life-cycle process and develops the implications of this insight for Scottish social policy. Families are major producers of skills, and a successful policy needs to promote effective families and to supplement failing ones. We present evidence that...
Persistent link: https://www.econbiz.de/10013318811
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Language learning : human capital investment or consumption?
Huber, Matthias; Sommerfeld, Ann-Marie; Übelmesser, Silke - In: Empirica : journal of european economics 49 (2022) 4, pp. 897-948
Persistent link: https://www.econbiz.de/10013447687