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Source: Department of Economics, Old Dominion University
Resulting in 1 citation.
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Demiralp, Berna |
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Occupational Self-selection in a Labor Market with Moral Hazard Working Paper, Department of Economics, Old Dominion University, March 2007. Also: http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID975014_code556494.pdf?abstractid=975014&mirid=1 Cohort(s): NLSY79 Publisher: Department of Economics, Old Dominion University Keyword(s): Human Capital; Modeling, Hazard/Event History/Survival/Duration; Occupational Choice; Wage Growth; Wage Rates Permission to reprint the abstract has not been received from the publisher. This paper presents a model of occupational choice in a labor market characterized by moral hazard. The model demonstrates that in such a labor market, workers’ occupational choices are determined by not only their comparative advantage but also their effort decisions in each occupation. The estimation results, based on data from the National Longitudinal Survey of Youth, suggest that workers’ self-selection into white collar and blue collar occupations leads to higher wages and lower dismissal rates in both occupations. Furthermore, analysis results reveal that these effects of self-selection diminish as the labor market becomes increasingly characterized by moral hazard. |
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Bibliography Citation
Demiralp, Berna. "Occupational Self-selection in a Labor Market with Moral Hazard." Working Paper, Department of Economics, Old Dominion University, March 2007. |