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Estimation of a Roy/Search/Compensating Differential Model of the Labor Market

Taber, Christopher - 2016

In this paper we develop a model capturing key features of the Roy model, a search model, compensating differentials, and human capital accumulation on-the-job. We establish which features of the model can be non-parametrically identified and which can not. We estimate the model and use it to...

Persistent link: https://www.econbiz.de/10012986293

The Structure of Wages and Investment in General Training

Acemoglu, Daron; Pischke, Jörn-Steffen - 2022

In the standard model of human capital with perfect labor markets general training. When labor market frictions … wages and union wage setting, are crucial in shaping the wage structure thus have an important impact on training. Our …-sponsored general training" than the U.S …

Persistent link: https://www.econbiz.de/10013321573

Training, Tenure, and Productivity

Lichtenberg, Frank R. - 2021

-specific on-the-job training (OJT). In this paper a model of producer technology consistent with the hypothesis of firm …

Persistent link: https://www.econbiz.de/10013230222

A Cross-Cohort Analysis of Human Capital Specialization and the College Gender Wage Gap

Sloane, Carolyn - 2019

In this paper, we exploit new data to assess gender differences in pre-labor market specialization among the college educated and highlight how those differences have evolved over time. We highlight new results pertaining to gender differences in the mapping between undergraduate major and...

Persistent link: https://www.econbiz.de/10012861716

Wage Gaps vs. Output Gaps : is There a Common Story for All of Europe?

Gordon, Robert J. - 2010

Persistent link: https://www.econbiz.de/10012760232

Ben-Porath Meets Lazear : Lifetime Skill Investment and Occupation Choice with Multiple Skills

Cavounidis, Costas - 2017

We develop a fairly general and tractable model of investment when workers can invest in multiple skills and different jobs put different weights on those skills. In addition to expected findings such as that younger workers are more likely than older workers to respond to a demand shock by...

Persistent link: https://www.econbiz.de/10012957348

Firm-Specific Human Capital : A Skill-Weights Approach

Lazear, Edward P. - 2021

One problem with the theory of firm-specific human capital is that it is difficult to generate convincing examples of investment that could generate the sometimes observed large and continuing effects on earnings. Another approach, called the skill-weights' view, allows all skills to be general...

Persistent link: https://www.econbiz.de/10013311619

Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills

Doepke, Matthias; Gaetani, Ruben - 2022

Why has the college wage premium risen rapidly in the United States since the 1980s, but not in European economies such as Germany? We argue that differences in employment protection can account for much of the gap. We develop a model where firms and workers make relationship-specific...

Persistent link: https://www.econbiz.de/10014096167

Training and Search on the Job

Lentz, Rasmus - 2015

firms. In renegotiation proof employment contracts, more productive firms provide more training. Both general and specific … training induce higher wages within jobs, and with future employers, even conditional on the future employer type. Because … at the opposite conclusion: That increased labor market friction reduces training in equilibrium …

Persistent link: https://www.econbiz.de/10013012383

Tenure and Output

Shaw, Kathryn - 2008

A key tenet of the theory of human capital is that investment in skills results in higher productivity. The previous literature has estimated the degree of investment in human capital for individuals by looking at individual wage growth as a proxy for productivity growth. In this paper, we have...

Persistent link: https://www.econbiz.de/10012773212