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. DOI https://doi.org/10.1111/j.1468-2354.2011.00644.x
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. DOI https://doi.org/10.1111/j.1468-2354.2011.00644.x
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. DOI https://doi.org/10.1111/j.1468-2354.2011.00644.x
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 |
|---|---|
| Additional Information: | Source info: IZA Discussion Paper No. 4215 |
| Uncontrolled Keywords: | search; wage dispersion; human capital accumulation |
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
| SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
| Depositing User: | Unnamed user with email elements@essex.ac.uk |
| Date Deposited: | 03 Jul 2012 15:18 |
| Last Modified: | 30 Oct 2024 19:45 |
| URI: | http://repository.essex.ac.uk/id/eprint/2740 |