Experience and Worker Flows

Aspen Gorry

MPRA Paper from University Library of Munich, Germany

Abstract: This paper extends the literature on learning in labor markets by parameterizing the amount of learning that transfers across jobs. Previous models have assumed that learning is either job specific as in Jovanovic (1979) or perfectly transferable across jobs as in Gibbons et al. (2005). By allowing some but not all learning to be transferred, this model generates novel predictions of a decline in job finding rates with age and a decline in the variance of wages with experience that are consistent with observed worker outcomes.

Keywords: Job finding rate; job separation rate; experience; wage volatility (search for similar items in EconPapers)
JEL-codes: E24 J31 J64 (search for similar items in EconPapers)
Date: 2010-07-07
New Economics Papers: this item is included in nep-dge, nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Related works:
Working Paper: Experience and Worker Flows (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25298

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