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Human capital accumulation and labor market equilibrium

Burdett, K and Carrillo-Tudela, C and Coles, MG (2011) 'Human capital accumulation and labor market equilibrium.' International Economic Review, 52 (3). 657 - 677. ISSN 0020-6598

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We analyze an equilibrium labor market with on-the-job search and experience effects (as workers learn by doing). The analysis yields a Mincer wage equation with worker fixed effects and endogenously determined firm fixed effects. Equilibrium sorting-where over time more experienced workers also tend to move to better paid employment-has a significant impact on wage inequality. © (2011) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 03 Jul 2012 15:18
Last Modified: 09 Oct 2020 15:15

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