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How General Is Specific Human Capital?

Christina Gathmann () and Uta Schönberg ()
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Uta Schönberg: University College London

Authors registered in the RePEc Author Service: Uta Schoenberg

No 2485, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Previous studies assume that labor market skills are either fully general or specific to the firm. This paper uses patterns in mobility and wages to analyze how portable specific skills are in the labor market. The empirical analysis combines data on tasks performed in different jobs with a large panel on complete working histories and wages. Our results demonstrate that labor market skills are partially transferable across occupations. We find that individuals move to occupations with similar task requirements and that the distance of moves declines with time in the labor market. Further, tenure in the last occupation affects current wages, and the effect is stronger if the two occupations are similar. Our estimates suggest that task-specific human capital is the most important source of wage growth for university graduates. For the low- and medium-skilled, returns to task human capital are also sizeable, though smaller than for labor market experience.

Keywords: specific skills; occupations; wage growth; mobility (search for similar items in EconPapers)
JEL-codes: J24 J41 J62 (search for similar items in EconPapers)
Pages: 57 pages
Date: 2006-12
New Economics Papers: this item is included in nep-hrm and nep-lab
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