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Author: Trachter, Nicholas
Resulting in 1 citation.
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Gorry, Aspen Gorry, Devon Trachter, Nicholas |
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Learning and Life Cycle Patterns of Occupational Transitions International Economic Review 60,2 (May 2019): 905-937. 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. This article is protected by copyright. All rights reserved |
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Bibliography Citation
Gorry, Aspen, Devon Gorry and Nicholas Trachter. "Learning and Life Cycle Patterns of Occupational Transitions." International Economic Review 60,2 (May 2019): 905-937.
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