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 …

This paper studies the link between hourly wages and workers' subjective assessments of how easy it would be to find … opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with … predictions of at least three theoretical frameworks: human capital theory, search theory, and a "locus of control" model. …

Community Survey to examine the effect of formal schooling on worker wages. Given the potential endogeneity of education … censuses. The instrumental variables results suggest that schooling has a significant positive effect on worker wages …. Specifically, an additional year or schooling is estimated to increase hourly wages by 10 percent for men and 12.6 percent for …

Wages grow but also become more unequal as workers age. Using German administrative data, we largely attribute both …

Wages grow but also become more unequal as workers age. Using German administrative data, we largely attribute both …

The impact of schooling on wages decreases as employers learn about workers' abilities from their experience. While …

This article documents the long-term relationship among juvenile conviction, occupation choices, employment, wages, and … as a human capital investment vehicle through which juvenile crimes have a long-term impact on wages and recidivism …

This paper considers training, mobility decisions and wages together to test for the specificity of human capital … contained in continuing training courses. We empirically analyse the relationship between training, mobility and wages in two …, we find that wages are lower for job changers for the group of training participants, so wages decrease when trained …