whether human capital externalities arise from higher job matching efficiency in skilled regions. Using two samples of highly … raises wages on the incidence of job change by up to three percent, pointing to the importance of improved job matching … opportunities in human capital rich regions as a microeconomic source of human capital externalities. Evidence on regional …

Career mobility theory suggests that given a certain occupation, schooling improves upward mobility in terms of … promotion and wage growth. We are the first to test the implications of this theory for over- and under-education by means of …. Altogether, these findings strongly support the career mobility theory. Furthermore, by differentiating between internal and …

This paper constructs and estimates a career decision model where individuals search for both career matching and … employer matching to understand wage growth and career mobility using the NLSY79. It departs from previous papers in that …

career. The model, which is designed to introduce optimal between-firm mobility, is based on the search, the matching, and … the human capital theory. It is emphasized that hopping from one wage trajectory to another by mobility may be accompanied …

This paper analyzes human capital externalities from high-skilled workers by applying functional regression to precise … panel data allow us to address the sorting of workers and to disentangle human capital externalities from supply effects by … using an extensive set of time-varying fixed effects. Our estimates reveal that human capital externalities attenuate with …