Search, Matching, and Training

Christopher Flinn, Ahu Gemici and Steven Laufer (stevenmlaufer@gmail.com)
Additional contact information
Ahu Gemici: Royal Holloway

Review of Economic Dynamics, 2017, vol. 25, 260-297

Abstract: We estimate a partial and general equilibrium search model in which firms and workers choose how much time to invest in both general and match-specific human capital. To help identify the model parameters, we use NLSY data on worker training and we match moments that relate the incidence and timing of observed training episodes to outcomes such as wage growth and job-to-job transitions. We use our model to offer a novel interpretation of standard Mincer wage regressions in terms of search frictions and returns to training. We use our model estimates to investigate the impact of minimum wages on training and outcomes, and find significant impacts on both of these dimensions for sufficiently high minimum wage values. (Copyright: Elsevier)

Keywords: Human capital investment; matching and bargaining; Minimum wage; Wage growth (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (24)

Downloads: (external link)
https://dx.doi.org/10.1016/j.red.2017.02.003
Access to full texts is restricted to ScienceDirect subscribers and institutional members. See https://www.sciencedirect.com/ for details.

Related works:
Software Item: Code and data files for "Search, Matching, and Training" (2016)
Working Paper: Search, Matching and Training (2016)
Working Paper: Search, Matching and Training (2016)
Working Paper: Search, Matching and Training (2014)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:red:issued:16-105

Ordering information: This journal article can be ordered from
https://www.economic ... ription-information/
red@elsevier.com

DOI: 10.1016/j.red.2017.02.003

Access Statistics for this article

Review of Economic Dynamics is currently edited by Loukas Karabarbounis

More articles in Review of Economic Dynamics from Elsevier for the Society for Economic Dynamics Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann (chuichuiche@gmail.com).