Gorry, Aspen (2010): Experience and Worker Flows.
Download (1381Kb) | Preview
This paper extends the literature on learning in labor markets by parameterizing the amount of learning that transfers across jobs. Previous models have assumed that learning is either job specific as in Jovanovic (1979) or perfectly transferable across jobs as in Gibbons et al. (2005). By allowing some but not all learning to be transferred, this model generates novel predictions of a decline in job finding rates with age and a decline in the variance of wages with experience that are consistent with observed worker outcomes.
|Item Type:||MPRA Paper|
|Original Title:||Experience and Worker Flows|
|Keywords:||Job finding rate; job separation rate; experience; wage volatility|
|Subjects:||E - Macroeconomics and Monetary Economics > E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment > E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials
J - Labor and Demographic Economics > J6 - Mobility, Unemployment, and Vacancies > J64 - Unemployment: Models, Duration, Incidence, and Job Search
|Depositing User:||Aspen Gorry|
|Date Deposited:||23. Sep 2010 15:24|
|Last Modified:||15. Dec 2013 01:59|
Altonji, Joseph G. and Nicolas Williams, “Do wages rise with job seniority? A re-assessment,” Industrial and Labor Relations Review, April 2005, 58 (3), 370–397.
Altonji, Joseph G and Robert A Shakotko, “Do Wages Rise with Job Seniority?,” Review of Economic Studies, July 1987, 54 (3), 437–59.
Antonovics, Kate and Limor Golan, “Experimentation and Job Choice,” GSIA Working Papers 2006-E41, Carnegie Mellon University, Tepper School of Business July 2008.
Baker, George, Michael Gibbs, and Bengt Holmstrom, “The Wage Policy of a Firm,” The Quarterly Journal of Economics, November 1994, 109 (4), 921–55.
Bartel, Ann P. and George J. Borjas, “Wage Growth and Job Turnover: An Empiri- cal Analysis,” NBER Working Papers 0285, National Bureau of Economic Research, Inc September 1982.
Clark, Kim B and Lawrence H Summers, “Labour Force Participation: Timing and Persistence,” Review of Economic Studies, 1982, 49 (5), 825–44.
Farber, Henry S. and Robert Gibbons, “Learning and Wage Dynamics,” Quarterly Journal of Economics, 1996, 111, 1007–1048.
Flinn, Christopher J., “Wages and Job Mobility of Young Workers,” Journal of Political Economy, June 1986, 94 (3), S88–S110.
Gibbons, Robert and Michael Waldman, “Enriching a Theory of Wage and Promotion Dynamics inside Firms,” Journal of Labor Economics, January 2006, 24 (1), 59–108.
Gibbons, Robert, Lawrence F. Katz, Thomas Lemieux, and Daniel Parent, “Comparative Advan- tage, Learning, and Sectoral Wage Determination,” Journal of Labor Economics, October 2005, 23 (4), 681–724.
Jovanovic, Boyan, “Job Matching and the Theory of Turnover,” Journal of Political Econ- omy, October 1979, 87 (5), 972–90.
Jovanovic, Boyan, “Matching, Turnover, and Unemployment,” Journal of Political Economy, 1984, 92 (1), 108–22.
Jun, Tackseung and Lalith Munasinghe, “Does Wage Volatility Matter in Labor Mar- kets? Theory and Evidence on Labor Mobility,” August 2005. Unpublished.
Koenker, Roger and Kevin F. Hallock, “Quantile Regression,” Journal of Economic Perspectives, Fall 2001, 15 (4), 143–156.
McCall, Brian P, “Occupational Matching: A Test of Sorts,” Journal of Political Economy, February 1990, 98 (1), 45–69.
Meghir, Costas and Luigi Pistaferri, “Income Variance Dynamics and Heterogeneity,” Econometrica, 01 2004, 72 (1), 1–32.
Miller, Robert A, “Job Matching and Occupational Choice,” Journal of Political Economy, December 1984, 92 (6), 1086–120.
Mincer, Jacob and Boyan Jovanovic, “Labor Mobility and Wages,” NBER Working Papers 0357, National Bureau of Economic Research, Inc August 1982.
Moscarini, Giuseppe, “Skill and Luck in the Theory of Turnover,” February 2003. Un- published, Yale University.
Moscarini, Giuseppe, “Job Matching and the Wage Distribution,” Econometrica, 2005, 73 (2), 481–516.
Neal, Derek, “The Complexity of Job Mobility among Young Men,” Journal of Labor Economics, April 1999, 17 (2), 237–61.
Neal, Derek and Sherwin Rosen, “Theories of the distribution of earnings,” in A.B. Atkinson and F. Bourguignon, eds., Handbook of Income Distribution, Vol. 1 of Handbook of Income Distribution, Elsevier, 2000, chapter 7, pp. 379–427.
Papageorgiou, Theodore, “Learning Your Comparative Advantage,” December 2007. Un- published, Yale University.
Pavan, Ronni, “Career Choice and Wage Growth,” July 2006. Unpublished, University of Rochester.
Pavan, Ronni, “The Role of Career Choice in Understanding Job Mobility,” July 2007. Unpublished, University of Rochester.
Rubinstein, Yona and Yoram Weiss, Post Schooling Wage Growth: Investment, Search and Learning, Vol. 1 of Handbook of the Economics of Education, Elsevier, December.
Shimer, Robert, “Reassessing the Ins and Outs of Unemployment,” October 2007. Un- published, University of Chicago.
Topel, Robert H, “Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority,” Journal of Political Economy, February 1991, 99 (1), 145–76.
Topel, Robert H and Michael P Ward, “Job Mobility and the Careers of Young Men,” The Quarterly Journal of Economics, 1992, 107 (2), 439–79.