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A Theory of On-the-Job Learning

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  • Park, Ki Seong

Abstract

In this paper, the author assumes that a junior worker learns on the job from senior workers. The worker's earnings are equal to his value of marginal product minus the tuition to his senior workers plus the teaching reward from his junior workers. The slope of the experience-earnings profile decreases with the employment growth rate. The earnings of an inexperienced worker of an unusually large cohort tend to be higher than the normal level. Finally, the author shows that his model generates an age-earnings profile which is increasing, concave in age, and declining near to retirement. Copyright 1997 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Suggested Citation

  • Park, Ki Seong, 1997. "A Theory of On-the-Job Learning," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 38(1), pages 61-81, February.
    • Handle: RePEc:ier:iecrev:v:38:y:1997:i:1:p:61-81
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    Cited by:

    1. Robert E. Lucas, 2009. "Ideas and Growth," Economica, London School of Economics and Political Science, vol. 76(301), pages 1-19, February.
    2. Zakharenko, Roman, 2012. "Human capital acquisition and international migration in a model of educational market," Regional Science and Urban Economics, Elsevier, vol. 42(5), pages 808-816.
    3. Echevarria, Cruz A., 2004. "Life expectancy, retirement and endogenous growth," Economic Modelling, Elsevier, vol. 21(1), pages 147-174, January.
    4. Frosch, Katharina & Tivig, Thusnelda, 2007. "Age, human capital and the geography of innovation," Thuenen-Series of Applied Economic Theory 71, University of Rostock, Institute of Economics.

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