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Title: Income Effects of Occupational Change and the Investment in Occupational Skills
Resulting in 1 citation.
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Shaw, Kathryn L. |
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Income Effects of Occupational Change and the Investment in Occupational Skills Ph.D. Dissertation, Harvard University, 1981 Cohort(s): Young Men Publisher: UMI - University Microfilms, Bell and Howell Information and Learning Keyword(s): Earnings; Industrial Training; Job Tenure; Occupational Investment; Transfers, Skill; Work Experience Standard models of income determination specify income to be a function of two variables which measure post-school investment, the years of labor market experience, and employer tenure. This investigation develops a better proxy for general human capital investment than experience. This variable, called occupational investment, hypothesizes that the yearly rate of investment varies by occupation and that a portion of skills are transferable upon occupational change. After developing exogenous measures of occupation-specific intensity and transferability, the occupational investment variable is calculated for the Young Men of the NLS. Empirical work demonstrates that occupational investment is a very strong determinant of income, far superior to the experience variable. Thus, the author has improved upon models of income determination, presented a unique model of occupational change, and provided evidence that stable occupational investment is a significant source of income growth for young men. |
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Bibliography Citation
Shaw, Kathryn L. Income Effects of Occupational Change and the Investment in Occupational Skills. Ph.D. Dissertation, Harvard University, 1981. |