Tasks and Heterogeneous Human Capital

Shintaro Yamaguchi

Department of Economics Working Papers from McMaster University

Abstract: This paper proposes a new approach to modeling heterogeneous human capital using task data from the Dictionary of Occupational Titles. The key feature of the model is that it departs from the Roy model, which treats occupations as distinct categories, and conceives of occupations as bundles of tasks. The advantages of this approach are that it can accommodate many occupations without computational burden and provide a clear interpretation as to how and why skills are differently rewarded across occupations. The model is structurally estimated by the Kalman filter using the NLSY79.

Keywords: Roy model; task approach; human capital; occupational choice; Kalman filter; structural estimation. (search for similar items in EconPapers)
JEL-codes: J24 J32 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2011-09
New Economics Papers: this item is included in nep-hrm and nep-lma
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Related works:
Journal Article: Tasks and Heterogeneous Human Capital (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:deptwp:2011-06

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