Since technological change influences the rate at which human capital obsolesces and also increases the uncertainty associated with human capital investments, training may increase or decrease at higher rates of technological change. Using the National Longitudinal Survey of Youth, the authors...

The authors present survey data challenging the assumption implicit in analyses of labor supply that, all else being equal, workers prefer declining over increasing wage profiles. The authors test several explanations for their results, including that (1) there is something special about wages...

According to human capital theory, technological change will influence the retirement decisions of older workers in two ways. First, workers in industries with high rates of technological change will retire later if there is a net positive correlation between technological change and on-the-job...

This article concerns dual job holding and its link to job mobility. The authors present evidence from U.S. data on patterns of dual job holding, hours changes, and job mobility. They find that workers move into and out of second jobs frequently, that these movements are associated with large...

This article examines the reasons for the observed discrepancy between workers' actual and required levels of schooling and the resulting differences in returns to schooling. "Overeducated" workers are found to be younger and to have lower amounts of on-the-job training than workers with the...