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Title: Human Capital Investment Specialization and the Wage Effects of Voluntary Labor Mobility
Resulting in 1 citation.
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Antel, John J. |
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Human Capital Investment Specialization and the Wage Effects of Voluntary Labor Mobility Review of Economics and Statistics 68,3 (August 1986): 477-483. Also: http://www.jstor.org/stable/1926025 Cohort(s): Young Men Publisher: Harvard University Press Keyword(s): Endogeneity; Human Capital Theory; Job Search; Job Skills; Job Training; Mobility; Quits; Simultaneity; Transfers, Skill; Wage Effects Permission to reprint the abstract has not been received from the publisher. Studies of voluntary labor mobility suggest that job search facilitates job change while specific training inhibits mobility. Moreover, given that specific skills cannot be transferred between jobs, and since both search and training are expensive, it is reasonable for workers to specialize in search or specific training on a particular job. Training on search specialization, however, suggests that estimation methods that treat the incidence of a quit as exogenous underestimate mobility effects on wages. Here, the endogenous dummy variable model of Heckman (1978) is estimated using data from the NLS of Young Men. The actual observations consist of 2,165 young white men not self-employed, out of full-time school, and reporting job histories and wages between the 1969-1970 and the 1970-1971 contiguous year interviews. The larger wage effects found via analysis result from simultaneous estimation but also reflect more accurate measurement of wage growth between jobs. |
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Bibliography Citation
Antel, John J. "Human Capital Investment Specialization and the Wage Effects of Voluntary Labor Mobility." Review of Economics and Statistics 68,3 (August 1986): 477-483.
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