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reservation utility. This in turn affects their search strategies at the extensive margin (which markets to enter) and the …
Persistent link: https://www.econbiz.de/10013319049
This research presents a new metric known as "AI Augmentation," aimed at quantifying the influence of generative AI across diverse job roles, organizations, and sectors. The analysis defies prevailing expectations of job losses due to AI, instead demonstrating a reverse correlation between AI...
Persistent link: https://www.econbiz.de/10014345530
This paper studies the life cycle career choices of several cohorts of law school graduates from the University of Michigan. The model assumes that thses graduates act according to the optimal solution of a dynamic optimization problem in which they sequentially choose among five employment sectors.
Persistent link: https://www.econbiz.de/10005783615
reservation utility. This in turn affects their search strategies at the extensive margin (which markets to enter) and the …
Persistent link: https://www.econbiz.de/10010274021
The 1987 academic market was strong, whereas the 1997 market was weak. A multimarket theory of optimal search suggests that job seekers will respond to a weakening market by changing their search strategies at the extensive margin (which markets to enter) and the intensive margin (how many...
Persistent link: https://www.econbiz.de/10005562162
function of scientist's quality (as measured by scientific citations) and his or her reservation wages which is determined by … (reducing reservation values). Applying our model to bioscience and related industries, we find broad support in a group …
Persistent link: https://www.econbiz.de/10005777974
In this paper it is argued that the domestic division of labor and trade is organized according to the same principle as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source of these comparative advantages is the individual. The...
Persistent link: https://www.econbiz.de/10005642399
This paper analyzes the process of entry into the Israeli labor market among a panel of highly skilled immigrants who moved from the former USSR to Israel. We estimate a nonstationary, finite horizon search model with exogenous wage growth that is capable of capturing the main features of this...
Persistent link: https://www.econbiz.de/10005647266
Wissensbasierte Gesellschaften, wie die Westeuropas und Nordamerikas, beruhen auf hochqualifizierten Arbeitskräften. Die steigende Wissensintensität bedeutet für alle Länder eine steigende Nachfrage nach gut ausgebildeten Spezialisten. Zur Sicherung und Verbesserung der Lage eines Landes im...
Persistent link: https://www.econbiz.de/10005048266
Wissensbasierte Gesellschaften, wie die Westeuropas und Nordamerikas, beruhen auf hochqualifizierten Arbeitskräften. Die steigende Wissensintensität bedeutet für alle Länder eine steigende Nachfrage nach gut ausgebildeten Spezialisten. Zur Sicherung und Verbesserung der Lage eines Landes im...
Persistent link: https://www.econbiz.de/10011692888