Tenure, Experience, Human Capital and Wages: A Tractable Equilibrium Search Model of Wage Dynamics - Sciences Po Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2011

Tenure, Experience, Human Capital and Wages: A Tractable Equilibrium Search Model of Wage Dynamics

Résumé

We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Monthly wage growth is decomposed into the contributions of human capital and job search, within and between jobs. Human capital accumulation is found to be the most important source of wage growth in early phases of workers’ careers, but is soon surpassed by search-induced wage growth. Conventional measures of the returns to tenure hide substantial heterogeneity between different workers in the same firm and between similar workers in different firms.
Fichier principal
Vignette du fichier
hc16.pdf (884.33 Ko) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)

Dates et versions

hal-03461428 , version 1 (01-12-2021)

Identifiants

Citer

Jesper Bagger, François Fontaine, Fabien Postel-Vinay, Jean-Marc Robin. Tenure, Experience, Human Capital and Wages: A Tractable Equilibrium Search Model of Wage Dynamics. 2011. ⟨hal-03461428⟩
95 Consultations
53 Téléchargements

Partager

Gmail Facebook X LinkedIn More