Bai, Chong-En; Wang, Yijiang - In: Journal of Labor Economics 21 (2003) 3, pp. 651-676
Uncertainty in labor productivity (ULP) is affected by many factors, such as worker-employer matching, technology, and macroeconomic conditions. Not surprisingly, ULP varies across firms, industries, and economies. How do variations in ULP affect specific human capital (SHC) investment, wage,...