Gorry, Aspen - In: Quantitative economics : QE ; journal of the … 7 (2016) 1, pp. 225-255
This paper studies the role of worker learning in a labor market where workers have incomplete information about the … experience. Allowing workers to learn from experience generates a decline in job finding probabilities with age that is … consistent with patterns found in the data. Moreover, workers with more past experience will on average have less wage volatility …