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Title: Comparative Advantage, Learning, and Sectoral Wage Determination
Resulting in 1 citation.
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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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