Replication data for: Tenure, Experience, Human Capital, and Wages: A Tractable Equilibrium Search Model of Wage Dynamics
Principal Investigator(s): View help for Principal Investigator(s) Jesper Bagger; François Fontaine; Fabien Postel-Vinay; Jean-Marc Robin
Version: View help for Version V1
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Project Citation:
Bagger, Jesper, Fontaine, François, Postel-Vinay, Fabien, and Robin, Jean-Marc. Replication data for: Tenure, Experience, Human Capital, and Wages: A Tractable Equilibrium Search Model of Wage Dynamics. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112823V1
Project Description
Summary:
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We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Wage growth is decomposed into contributions of human capital and job search,
within and between jobs. Human capital accumulation is largest
for highly educated workers. The contribution from job search to
wage growth, both within- and between-job, declines over the first
ten years of a career – the ‘job-shopping’ phase of a working life – after which workers settle into high-quality jobs using outside offers to generate gradual wage increases, thus reaping the benefits from competition between employers.
Scope of Project
JEL Classification:
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J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
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