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earnings convergence across source countries with time in the United States. Human-capital theory plausibly explains the … inverse relationship between initial earnings and earnings growth rates: the good fit between data and theory suggests that …
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We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Career wage growth is decomposed into the contributions of human capital and job search, within and between jobs. Human capital...
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We derive wage equations with individual specific coefficients from a structural model of human capital investment over the life cycle. This model allows for interruptions in labour market participation and deals with missing data and attrition problems. We propose a new framework that deals...
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productivity. These results support the theory that NCAs encourage firms to invest more in their human capital, leading to higher …
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