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Author: Flinn, Christopher
Resulting in 1 citation.
1. Flinn, Christopher
Gemici, Ahu
Laufer, Steven
Search, Matching and Training
Review of Economic Dynamics 25 (April 2017): 260-297.
Cohort(s): NLSY97
Publisher: Society for Economic Dynamics
Keyword(s): Human Capital; Modeling; Training; Transition, Job to Job; Wage Growth

Permission to reprint the abstract has not been received from the publisher.

We estimate a partial and general equilibrium search model in which firms and workers choose how much time to invest in both general and match-specific human capital. To help identify the model parameters, we use NLSY data on worker training and we match moments that relate the incidence and timing of observed training episodes to outcomes such as wage growth and job-to-job transitions. We use our model to offer a novel interpretation of standard Mincer wage regressions in terms of search frictions and returns to training. Finally, we show how a minimum wage can reduce training opportunities and decrease the amount of human capital in the economy.
Bibliography Citation
Flinn, Christopher, Ahu Gemici and Steven Laufer. "Search, Matching and Training." Review of Economic Dynamics 25 (April 2017): 260-297.