The effect of match quality and specific experience on career decisions and wage growth

Shintaro Yamaguchi

Labour Economics, 2010, vol. 17, issue 2, 407-423

Abstract: This paper constructs and estimates a career decision model where individuals search for both careers and firms that are a good match for their idiosyncratic skills using the NLSY79. It departs from previous papers in that career mobility decisions and participation decisions are explicitly modeled. I find substantial returns to career-specific experience. However, college graduates' wage grows little through career-match upgrading, which results in a lower incidence of career changes than high school graduates. The finding suggests that college graduates learn about their suitable careers before they enter a labor market.

Keywords: Specific; human; capital; Occupational; choice; Matching; Structural; estimation (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (11)

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Working Paper: The Effect of Match Quality and Specific Experience on Career Decisions and Wage Growth (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:labeco:v:17:y:2010:i:2:p:407-423

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