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Author: Trachter, Nicholas
Resulting in 1 citation.
1. Gorry, Aspen
Gorry, Devon
Trachter, Nicholas
Learning and Life Cycle Patterns of Occupational Transitions
International Economic Review published online (22 September 2018): DOI: 10.1111/iere.12371.
Also: https://onlinelibrary.wiley.com/doi/10.1111/iere.12371
Cohort(s): NLSY79
Publisher: Blackwell Publishing, Inc. => Wiley Online
Keyword(s): Life Cycle Research; Mobility, Occupational; Occupational Choice; Wages

Individuals experience frequent occupational switches during their lifetime and initial worker characteristics are predictive of future patterns of occupational switching. We construct a quantitative model of occupational choices with worker learning and occupation specific productivity shocks to match life cycle patterns of occupational transitions and quantify the value of occupational mobility and learning. For the average 18‐year‐old worker, the value of being able to switch occupations is about 67 months of the maximum wage they could earn in the model and the value of a worker learning their type is about 32 months of this maximum wage.

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Bibliography Citation
Gorry, Aspen, Devon Gorry and Nicholas Trachter. "Learning and Life Cycle Patterns of Occupational Transitions." International Economic Review published online (22 September 2018): DOI: 10.1111/iere.12371.