Wage, Growth, Search and Experience
Author : Valeriu Altai Omer
Publisher :
Page : 192 pages
File Size : 43,74 MB
Release : 2005
Category :
ISBN :
Author : Valeriu Altai Omer
Publisher :
Page : 192 pages
File Size : 43,74 MB
Release : 2005
Category :
ISBN :
Author : Lawrence M. Kahn
Publisher :
Page : 63 pages
File Size : 43,65 MB
Release : 1980
Category : Wages
ISBN :
Author : Alan Manning
Publisher :
Page : 64 pages
File Size : 16,97 MB
Release : 1998
Category : Career development
ISBN :
Author :
Publisher :
Page : pages
File Size : 29,55 MB
Release : 1981
Category :
ISBN :
Author : Michael James Foxworth
Publisher :
Page : 116 pages
File Size : 30,89 MB
Release : 1979
Category : Human capital
ISBN :
Author : Joseph G. Altonji
Publisher :
Page : 0 pages
File Size : 34,93 MB
Release : 1998
Category :
ISBN :
This paper studies the returns to seniority, the returns to experience, and the effects of seniority and experience at the time of a quit or layoff on changes in the job match specific component of wages. We show that these returns are not identified in widely used regression models that relate the wage changes of stayers, quits, and layoffs to tenure and experience. We deal with the identification problem by using Geweke's (1986) Bayes procedure to combine the sample information with prior information about inequalities that the parameters must satisfy. We derive two of the inequalities from a simple model of wages and mobility, which we use to argue that the relationship between the change in the job match component and tenure at the time of a quit (layoff) will be positive (negative). We use two other inequalities that state that there is at least a small return to 30 years of experience and that persons who are laid off with substantial seniority suffer a fall in the job match specific component of wages. We find that the return to tenure is probably above Altonji and Shakotko's (1987) estimate for an earlier sample period but well below OLS estimates. We also find that there is a large return to general labor market experience that is independent of job shopping.
Author : Shintaro Yamaguchi
Publisher :
Page : 0 pages
File Size : 26,21 MB
Release : 2009
Category :
ISBN :
This paper constructs and estimates a career decision model where individuals search for both career matching and employer matching to understand wage growth and career mobility using the NLSY79. It departs from previous papers in that career mobility decisions and participation decisions are explicitly modeled. I find substantial returns to career-specific experience. However, college graduates' wage grows little through career-match upgrading, which results in a lower incidence of career changes than high school graduates. The finding suggests that college graduates learn about their suitable careers before they enter a labor market.
Author : Eric A Hanushek
Publisher : Elsevier
Page : 853 pages
File Size : 15,60 MB
Release : 2006-11-13
Category : Business & Economics
ISBN : 0080465668
The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. With contributions from leading researchers, each Handbook presents an accurate, self-contained survey of the current state of the topic under examination. These surveys summarize the most recent discussions in journals, and elucidate new developments. Although original material is also included, the main aim of this series is the provision of comprehensive and accessible surveys. *Every volume contains contributions from leading researchers *Each Handbook presents an accurate, self-contained survey of a particular topic *The series provides comprehensive and accessible surveys
Author : Michele Battisti
Publisher :
Page : 0 pages
File Size : 43,37 MB
Release : 2015
Category :
ISBN :
This paper focuses on the effect of experience within an industry on wages. I use a correlated random effects simultaneous equation model that allows individual and match heterogeneity to affect wages, job tenure, and industry experience. I estimate my model separately for men and women using a large panel of young Italian workers for the years 1986-2004. Results show that wage returns to industry experience are much higher than wage returns to job seniority. The hypotheses of exogeneity of job seniority and industry experience in the wage equation are rejected: high-wage workers and high-wage matches last longer.
Author :
Publisher :
Page : 12 pages
File Size : 47,75 MB
Release : 1998
Category : Job vacancies
ISBN :