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Author: Gibbons, Robert
Resulting in 4 citations.
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Farber, Henry S. Gibbons, Robert |
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Learning and Wage Dynamics NBER Working Paper No. 3764, National Bureau of Economic Research, October 1991. Also: http://nber.nber.org/papers/W3764 Cohort(s): NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Educational Attainment; Educational Returns; Job Training; Learning Hypothesis; Wage Dynamics The authors develop a dynamic model of learning and wage determination: education may convey initial information about ability, but subsequent observations of performance are also informative. Although the role of schooling declines as performance observations accumulate, its effect on wages is independent of labor market experience. Evidence from the NLSY is generally consistent with all the predictors of the model. The authors conclude that a blend of the learning model with an on-the-job training model is more plausible than either model alone. |
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Bibliography Citation
Farber, Henry S. and Robert Gibbons. "Learning and Wage Dynamics." NBER Working Paper No. 3764, National Bureau of Economic Research, October 1991. |
| 2. |
Farber, Henry S. Gibbons, Robert |
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Learning and Wage Dynamics Quarterly Journal of Economics 111,4 (November 1996): 1007-1047. Also: http://qje.oxfordjournals.org/content/111/4/1007.abstract Cohort(s): NLSY79 Publisher: Wiley Online Keyword(s): Benefits, Fringe; Human Capital; Job Tenure; Job Training; Labor Economics; Labor Market, Secondary; Modeling; Schooling; Test Scores/Test theory/IRT; Training, Occupational; Training, On-the-Job; Wage Differentials; Wage Levels Permission to reprint the abstract has not been received from the publisher. The authors develop a dynamic model of learning about worker ability in a competitive labor market. The model produces three testable implications regarding wage dynamics: (1) although the role of schooling in the labor market's inference process declines as performance observations accumulate, the estimated effect of schooling on the level of wages is independent of labor-market experience; (2) time invariant variables correlated with ability but unobserved by employers (such as certain test scores) are increasingly correlated with wages as experience increases; and (3) wage residuals are a martingale. The authors present evidence from the National Longitudinal Survey of Youth that is broadly consistent with the model's predictions. |
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Bibliography Citation
Farber, Henry S. and Robert Gibbons. "Learning and Wage Dynamics." Quarterly Journal of Economics 111,4 (November 1996): 1007-1047.
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| 3. |
Gibbons, Robert Katz, Lawrence F. Lemieux, Thomas Parent, Daniel |
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Comparative Advantage, Learning, and Sectoral Wage Determination NBER Working Paper No. 8889, National Bureau of Economic Research, April 2002. Also: http://papers.nber.org/papers/w8889 Cohort(s): NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Endogeneity; Industrial Sector; Occupations; Skills; Wage Determination; Wage Differentials; Wages We develop a model in which a worker |
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Bibliography Citation
Gibbons, Robert, Lawrence F. Katz, Thomas Lemieux and Daniel Parent. "Comparative Advantage, Learning, and Sectoral Wage Determination." NBER Working Paper No. 8889, National Bureau of Economic Research, April 2002. |
| 4. |
Gibbons, Robert Katz, Lawrence F. Lemieux, Thomas Parent, Daniel |
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Comparative Advantage, Learning, and Sectoral Wage Determination Journal of Labor Economics 23,4 (October 2005): 681-723. Also: http://www.jstor.org/stable/10.1086/491606 Cohort(s): NLSY79 Publisher: University of Chicago Press Keyword(s): Endogeneity; Labor Economics; Modeling; Skilled Workers; Skills; Vocational Preparation; Wages We develop a model in which a worker's skills determine the worker's current wage and sector. The market and the worker are initially uncertain about some of the worker's skills. Endogenous wage changes and sector mobility occur as labor market participants learn about these unobserved skills. We show how the model can be estimated using nonlinear instrumental variables techniques. We apply our methodology to study wages and allocation of workers across occupations and industries using individual-level panel data from the National Longitudinal Survey of Youth. We find that high-wage sectors employ high-skill workers and offer high returns to workers' skills. [ABSTRACT FROM AUTHOR] |
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Bibliography Citation
Gibbons, Robert, Lawrence F. Katz, Thomas Lemieux and Daniel Parent. "Comparative Advantage, Learning, and Sectoral Wage Determination." Journal of Labor Economics 23,4 (October 2005): 681-723.
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