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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