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Author: Han, Joseph
Resulting in 1 citation.
1. Han, Joseph
Three Essays in Life-cycle Labor Supply and Human Capital Formation
Ph.D. Dissertation, Department of Economics, University of Wisconsin-Madison, 2016
Cohort(s): NLSY79
Publisher: ProQuest Dissertations & Theses (PQDT)
Keyword(s): Armed Forces Qualifications Test (AFQT); Earnings; Job Skills; Modeling, Structural Equation

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

In the first chapter, I investigate how two different kinds of uncertainty jointly affect young workers' decisions. This paper introduces the possibility of multidimensional learning about worker ability and job match quality into a model of work decisions. This mechanism has a unique prediction, negative sorting into job mobility that fades away over time, which is verified in the NLSY79 data if the AFQT score carries over some information unused by workers and employers. I estimate the structural model, which also has flexible skill accumulation, by indirect inference. From simulation results on earnings dynamics, I find that the contribution of job shopping to average earnings growth is higher than previous estimates; also, individual heterogeneity in earnings growth is mostly explained by the process of resolving uncertainties.
Bibliography Citation
Han, Joseph. Three Essays in Life-cycle Labor Supply and Human Capital Formation. Ph.D. Dissertation, Department of Economics, University of Wisconsin-Madison, 2016.