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Title: Learning and Wage Dynamics
Resulting in 1 citation.
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Farber, Henry S. Gibbons, Robert |
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Learning and Wage Dynamics NBER Working Paper No. 3764, National Bureau of Economic Research, October 1991. Also: http://nber.nber.org/papers/W3764 Cohort(s): NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Educational Attainment; Educational Returns; Job Training; Learning Hypothesis; Wage Dynamics The authors develop a dynamic model of learning and wage determination: education may convey initial information about ability, but subsequent observations of performance are also informative. Although the role of schooling declines as performance observations accumulate, its effect on wages is independent of labor market experience. Evidence from the NLSY is generally consistent with all the predictors of the model. The authors conclude that a blend of the learning model with an on-the-job training model is more plausible than either model alone. |
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Bibliography Citation
Farber, Henry S. and Robert Gibbons. "Learning and Wage Dynamics." NBER Working Paper No. 3764, National Bureau of Economic Research, October 1991. |