of objective learning outcomes. The gains imply a long-run impact on cognitive achievement of about 0.04 standard …

We construct a general dynamic structural model of two-sided learning between a firm and its workers. We estimate an … American workers). The type of data that we use also generates information on the value of learning and on whether and how the … the increases in the firm's value from learning about its workers' behavior and to infer the extent of biases in estimated …