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The Rate of Learning-By-Doing : Estimates from a Search-Matching Model

Prat, Julien - 2021

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 …

Persistent link: https://www.econbiz.de/10013317075

Learning, Wage Dynamics, and Firm-Specific Human Capital

Felli, Leonardo; Harris, Christopher - 1998

We introduce a dynamic and fully strategic model of wage determination in the presence of firm-specific human capital. In this model, human capital is interpreted as information. We show that equilibrium exists and is efficient and that it gives rise to a unique distribution of the social...

Persistent link: https://www.econbiz.de/10014117113

On the role of learning, human capital, and performance incentives for wages

Camargo, Braz; Lange, Fabian; Pastorino, Elena - 2022

Persistent link: https://www.econbiz.de/10013365994

Wages, experience and seniority

Dustmann, Christian - 1999

Persistent link: https://www.econbiz.de/10013422726

Optimal redistribution and education signaling

Bastani, Spencer; Blumḳin, Tomer; Micheletto, Luca - 2024

Persistent link: https://www.econbiz.de/10015055877

Imperfect signals

Graetz, Georg - 2023

A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates' productivity. I model various distinct sources of signal imperfection-such as noise and multi-dimensional types-and characterize their implications for the private return to skill...

Persistent link: https://www.econbiz.de/10014265586

The speed of employer learning

Lange, Fabian - In: Journal of labor economics 25 (2007) 1, pp. 1-35

Persistent link: https://www.econbiz.de/10003528965

Grades and employer learning

Hansen, Anne Toft; Hvidman, Ulrik; Sievertsen, Hans Henrik - 2021

Persistent link: https://www.econbiz.de/10012820695

The Speed of Employer Learning and Job Market Signaling Revisited

Habermalz, Steffen - 2021

This paper discusses the claim made in Altonji and Pierret (1997) and Lange (2005) that a high speed of employer learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence's original model and then evaluated in a simple extension of a...

Persistent link: https://www.econbiz.de/10013317436

Grades and employer learning

Hansen, Anne Toft; Hvidman, Ulrik; Sievertsen, Hans Henrik - 2021

This study examines the labor-market returns of skill signals. We identify the labor-market effect of grade point averages (GPA) by leveraging a nationwide change in the scaling of grades in Danish universities. Results show that a reform-induced increase in GPA that is unrelated to ability...

Persistent link: https://www.econbiz.de/10012487071