Showing 1 - 10 of 202
How worker productivity evolves with tenure and experience is central to economics, shaping, for example, life …-cycle earnings and the losses from involuntary job separation. Yet, worker-level productivity is hard to identify from observational …-the-job tenure from total experience in determining productivity growth. Several findings emerge concerning the initial period on the …
Persistent link: https://www.econbiz.de/10013361996
This paper reviews and synthesizes the literature on the macroeconomic implications of human capital theory. I begin with a review of the canonical model of education and the wage structure pioneered by Tinbergen (1975) and developed more fully by Goldin and Katz (2007). I also review...
Persistent link: https://www.econbiz.de/10014247921
paper with an emphasis on differences by gender and differences across regions. Some comparisons between China and India and …
Persistent link: https://www.econbiz.de/10014337769
This paper presents a new approach to measuring the intergenerational transmission of well-being and a novel perspective on which measures and what age ranges to use to estimate intergenerational social mobility. We select the measures and the age ranges that best predict important human capital...
Persistent link: https://www.econbiz.de/10014248011
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119
seniority evolves over the worker's tenure with the firm and how it affects wages, effort, monitoring intensity and separation … rates. We also show how earnings loss from unemployment reflects seniority and how optimal monitoring intensity, amenities … seniority. We provide a precise measure of seniority as a ratio of co-state variables and illustrate how this measure of …
Persistent link: https://www.econbiz.de/10014337796
This paper connects changes in employer characteristics through job transitions to employee earnings following mergers … and acquisitions (M&As). Using firm balance sheet data linked to individual earnings data in Canada and a matched …, workers at target firms suffer losses in earnings, and this decline in earnings is entirely driven by workers who move to …
Persistent link: https://www.econbiz.de/10014436997
Foresightful workers can take actions to reduce their exposure to risk in labor markets, but existing evidence on narrow bracketing suggests that individuals might not optimally integrate risk reduction decisions with subsequent labor decisions. In an online labor market, we vary the level of...
Persistent link: https://www.econbiz.de/10013477286
In theory, unilateral divorce laws alter the private incentive to invest in human capital by permitting either spouse to initiate the division of the marital assets. Using several causal research designs we show that both men and women are less likely to attain a bachelor's degree in states with...
Persistent link: https://www.econbiz.de/10014337779
The quality of the early environment children experience influences their human capital development. We investigate retention and compensation in the Early Care and Education workforce by merging datasets from three different government agencies in Texas. We employ non-structural methods to...
Persistent link: https://www.econbiz.de/10014437000