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Why do employed persons in large firms earn more than employed persons in small firms, even after controlling for observable characteristics? Complementary to previous results, this paper proposes a mechanism that gives an answer to this question. In the model, individuals accumulate human...
Persistent link: https://www.econbiz.de/10003773015
We study how human capital diversification, in the form of double majoring, affects the response of earnings to labor market shocks. Double majors experience substantial protection against earnings shocks, of 56%. This finding holds across different model specifications and data sets....
Persistent link: https://www.econbiz.de/10014468295
This chapter discusses the large literature and numerous issues regarding education-related differences in income in the U.S. Early analyses of skill-related differences compared the earnings of workers across occupations. The general consensus of these investigations was that skill premiums...
Persistent link: https://www.econbiz.de/10014023737
In this paper, we provide a comprehensive and up-to-date snapshot of the most important postsecondary education and labor market outcomes in the U.S. using two nationally representative sources of data: The Survey of Income and Program Participation (SIPP) and The National Educational...
Persistent link: https://www.econbiz.de/10009729020
spells in entrepreneurship versus wage employment, thereby accounting for selectivity into entrepreneurial positions based on …) constraints faced by entrepreneurs when optimizing the profitable employment of their education. Entrepreneurs have more personal … control over the profitable employment of their human capital than wage employees. -- Entrepreneurship ; self-employment …
Persistent link: https://www.econbiz.de/10003926421
Recent research concludes that wage returns to cognitive skills have declined in the U.S. We reassess this finding. Using decomposition methods, we document the pivotal role played by dynamic shifts in the distributions of pre-labor market cognitive skills. Our findings show these shifts explain...
Persistent link: https://www.econbiz.de/10014512083
reallocation of different workers across tasks and into employment. This ensures that there nearly always exists some combination … of task-specific demand shocks that induce aggregate employment and wages to negatively comove even in a frictionless … show that a frictionless model with realistic heterogeneity can replicate the mean wage increase and employment collapse of …
Persistent link: https://www.econbiz.de/10013210080
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