Profitable Career Paths: Accumulated Skills in Work, Their Degree of Transferability and Wage Premia

Alexandros N Zangelidis
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Alexandros N Zangelidis: University of Warwick

No 226, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: In this paper we challenge the conventional assumption that accumulated human capital can be divided into employer-specific and general labour market skills and explore the possibility of industry and occupational specificity. The estimates of a Mincer wage equation, on a BHPS sample, suggest some interesting patterns. Occupational expertise, so far overlooked in the literature, appears to play a major role on workersÕ earnings profiles. Antithetically, the evidence on industry experience is limited and in some cases mixed. Furthermore, the estimated occupational effect is actually driven by some particular occupations, implying that expertise is important only in these specific career paths.

Keywords: human capital; occupational expertise; industry experience; wages (search for similar items in EconPapers)
JEL-codes: J24 J31 (search for similar items in EconPapers)
Date: 2003-06-04

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Persistent link: http://EconPapers.repec.org/RePEc:ecj:ac2003:226

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