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HUMAN CAPITAL ACCUMULATION AND LABOR MARKET EQUILIBRIUM*

Burdett, Kenneth and Carrillo-Tudela, Carlos and Coles, Melvyn G (2011) 'HUMAN CAPITAL ACCUMULATION AND LABOR MARKET EQUILIBRIUM*.' International Economic Review, 52 (3). pp. 657-677. ISSN 0020-6598

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Abstract

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
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 03 Jul 2012 15:18
Last Modified: 15 Jan 2022 00:23
URI: http://repository.essex.ac.uk/id/eprint/2740

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