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Using U.S. Census microdata, the authors show that, on average, workers change occupation and industry less in more densely populated areas. The result is robust to standard demographic controls, as well as to including aggregate measures of human capital and sectoral mix. Analysis of the...
Persistent link: https://www.econbiz.de/10012706122
Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...
Persistent link: https://www.econbiz.de/10012649569
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the stylized facts characterizing the US and the Spanish labor markets. Under this benchmark, we find the Post-Match Labor Turnover Costs (PMLTC) to be the centerpiece to explain why the...
Persistent link: https://www.econbiz.de/10013318172
coverage on work-related training and how the union-training link affects wages and wage growth for a sample of full-time men …. Relative to uncovered workers, union-covered men are more likely to receive training and also receive more days of training. In … addition, union-covered men experience greater returns to training, and coveredtrained workers face a higher wage growth. While …
Persistent link: https://www.econbiz.de/10013320010
Career mobility theory suggests that given a certain occupation, schooling improves upward mobility in terms of promotion and wage growth. We are the first to test the implications of this theory for over- and under-education by means of direct information about promotions to managerial...
Persistent link: https://www.econbiz.de/10012929528
This paper documents the role of unemployment and earnings risk in reconciling evidence in payoff differentials between self-employment and paid-employment. Using Spanish administrative data, we characterize the distribution and dynamics of earnings and document lower and less dispersed earnings...
Persistent link: https://www.econbiz.de/10014543846
firm training have thus far not been considered. This paper is trying to bridge this gap by using a simple two period model … to previous work this is not sufficient to increase firms' training investments. The reason lies in the endogeneity of …
Persistent link: https://www.econbiz.de/10010263521
We examine how changes in task content over time condition occupational wage development. Using survey data from Germany, we document substantial heterogeneity in within-occupational changes in task content. Combining this evidence with administrative data on individual employment outcomes over...
Persistent link: https://www.econbiz.de/10013399767
We examine how changes in task content over time condition occupational wage development. Using survey data from Germany, we document substantial heterogeneity in within-occupational changes in task content. Combining this evidence with administrative data on individual employment outcomes over...
Persistent link: https://www.econbiz.de/10013426283
According to the classical human capital theory general training is entirely financed by workers. This prediction is at … odds with the empirical evidence. This observation inspired new theoretical models of training in frictional labour market …. These frictions create incentives for firms to invest in general training. This paper tries to identify the sources of …
Persistent link: https://www.econbiz.de/10010261838