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Occupational credentials provide an additional-and, at times, alternative-path other than traditional academic degrees for individuals to increase productivity and demonstrate their abilities and qualifications to employers. In the United States, these credentials typically take the form of...
Persistent link: https://www.econbiz.de/10013368217
This paper explores the evolution of the average wage of employees over the life-cycle of a manufacturing plant. The average wage starts out low for a new plant and increases along with labor productivity as the plant ages. As a plant approaches exit, its average wage falls, but more slowly than...
Persistent link: https://www.econbiz.de/10010221105
Stagnant earnings and growing inequality in the US labor market reflect both a slowdown in the growth of worker skills and the growing matching of good-paying jobs to skilled workers. Improving the ties between colleges, workforce institutions, and employers would help more workers gain the...
Persistent link: https://www.econbiz.de/10009687334
Are there long-term labor consequences in migrating to the US during a recession? For most immigrants, credibly estimating this effect is difficult because of selective migration. Some immigrants may not move if economic conditions are not favorable. However, identification is possible for...
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This paper analyzes the determinants of migration duration focusing on family composition and human capital. A utility maximization model is built to show that migrants face a trade-off between avoiding psychic costs from leaving family members and accumulating wealth to support their...
Persistent link: https://www.econbiz.de/10011478102
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There is a huge variation in the size of labor supply elasticities in the literature, which hampers policy analysis. While recent studies show that preference heterogeneity across countries explains little of this variation, we focus on two other important features: observation period and...
Persistent link: https://www.econbiz.de/10011664186