Estimating a General Equilibrium Model of Intersectoral Mobility with Aggregate Shocks

Donghoon Lee and Kenneth Wolpin

No 110, 2004 Meeting Papers from Society for Economic Dynamics

Abstract: A dynamic general equilibrium model of work, schooling, occupational and sectoral decisions is developed and estimated. The model is fit to data on life cycle employment, schooling, occupational and sectoral decisions, and on life cycle labor earnings, within and between cohorts observed in the US between 1968 and 1993. Based on the estimates of the model, the impacts of 1)sector-specific work experience, 2) skill enodowments, and 3) mobility costs on intersectoral mobility are assessed

Keywords: human capital; intersectoral mobility (search for similar items in EconPapers)
JEL-codes: J24 J31 (search for similar items in EconPapers)
Date: 2004
New Economics Papers: this item is included in nep-dge and nep-lab
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed004:110

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