Munich Personal RePEc Archive

Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s

Nakabayashi, Masaki (2011): Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s.

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_33162.pdf

Download (201kB) | Preview

Abstract

The impact of schooling, an observable signal, on wages decreases as the employers “publicly” learn about the workers’ ability from their experience. This symmetric employer learning hypothesis is empirically questioned by, first, the asymmetry in learning of the current and the potential employers, and second, the complementarity between schooling and work experience that could enshroud learning effect. A microanalysis of the Japanese steel industry shows that, (1) experience before entering into long-term employment is complementary to schooling, and (2) the employer learning effect dominates the complementarity effect after entering into long-term employment; the internal labor market facilitates the employer learning.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.