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Increasing wage inequality is associated with changes in the degree of labor market sorting, i.e. the allocation of workers to firms. To measure sorting, we propose a new method which disentangles the respective contributions of worker and firm heterogeneity to wage inequality. Inspired by...
Persistent link: https://www.econbiz.de/10012159531
This paper analyzes the allocation of workers to jobs and the wage distribution in Germany. Our main contribution is to reconcile prominent empirical models of wage dispersion (Abowd et al., 1999; Card et al., 2013) with theoretical sorting models (Shimer and Smith, 2000; Eeckhout and Kircher, 2011;...
Persistent link: https://www.econbiz.de/10011524613
to their types of talents. We therefore measure mismatch by how well the types of talents of recent hires correspond to … where mismatch is more pronounced on average. Most learning about job-specific mismatch happens within a year. Experienced … job-to-job movers appear to match under much less uncertainty. They are better matched on entry and mismatch have a …
Persistent link: https://www.econbiz.de/10011408194
to their types of talents. We therefore measure mismatch by how well the types of talents of recent hires correspond to … where mismatch is more pronounced on average. Most learning about job-specific mismatch happens within a year. Experienced … job-to-job movers appear to match under much less uncertainty. They are better matched on entry and mismatch have a …
Persistent link: https://www.econbiz.de/10011390549
to their types of talents. We therefore measure mismatch by how well the types of talents of recent hires correspond to … where mismatch is more pronounced on average. Most learning about job-specific mismatch happens within a year. Experienced … job-to-job movers appear to match under much less uncertainty. They are better matched on entry and mismatch have a …
Persistent link: https://www.econbiz.de/10013002443
Career decisions, that is educational and occupational choice, are not only made by comparing expected incomes, but also by considering non-monetary rewards like social impact, chances of promotion, or the compatibility of work and family. In this paper, I use rich panel data from Germany to...
Persistent link: https://www.econbiz.de/10014288918
This paper develops and estimates a two-factor model of intergenerational skill transmission when earnings inequality reflects differences in individual skills and other non-skill shocks. We consider heterogeneity in both initial skills and skill growth rates, allowing variation in skill growth...
Persistent link: https://www.econbiz.de/10012307642
increased from 0.19 to 0.30 beginning the college market deregulation. These estimation consider a twofold effect of …
Persistent link: https://www.econbiz.de/10011427813
-occupation match? In this paper, we propose an empirical measure of skill mismatch for a worker-occupation match, which sheds light on … these skills. In this model, mismatch is central to the career outcomes of workers: it reduces the returns to occupational … O*NET on occupations. Our empirical results show that the effects of mismatch on wages are large and persistent …
Persistent link: https://www.econbiz.de/10012903924
Foresightful workers can take actions to reduce their exposure to risk in labor markets, but existing evidence on narrow bracketing suggests that individuals might not optimally integrate risk reduction decisions with subsequent labor decisions. In an online labor market, we vary the level of...
Persistent link: https://www.econbiz.de/10013477286