Nakabayashi, Masaki (2011): Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s.
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Schooling, an observable signal, decreases its impact on wages as employers “publicly” learn workers’ true types from workers’ experience in the market. This symmetric employer learning hypothesis has been empirically questioned as, first, current and potential employers in fact asymmetrically learn, and second, complementarity between schooling and work experience could enshroud learning effect. Microanalysis of Japanese steel industry shows, 1) experience before entering the long-term employment is complementary to schooling, 2) employer learning effect dominates the complementarity effect after workers’ joining the long-term employment. It suggests that previous evidences of employer learning have in fact captured internal labor market effect.
|Item Type:||MPRA Paper|
|Original Title:||Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s|
|Keywords:||employer learning, schooling and wages, internal labor market effect|
|Subjects:||N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy > N35 - Asia including Middle East
J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure; Wage Differentials
J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital; Skills; Occupational Choice; Labor Productivity
|Depositing User:||Masaki Nakabayashi|
|Date Deposited:||15. May 2011 04:35|
|Last Modified:||21. Feb 2013 15:55|
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Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s. (deposited 06. May 2011 14:10)
Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s. (deposited 15. May 2011 04:35)
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