José Ignacio Uribe () (Universidad del Valle) Carlos Humberto Ortiz () (Universidad del Valle) Gustavo Adolfo García () (Universidad del Valle)
Abstract
This article shows that the Mincer equations, augmented with variables of firm size and corrected by selectivity bias, yield results that are consistent with the theories of human capital and labor segmentation. Greater firm endowments of human capital and physical capital are related to greater labor income. This result is consistent with scale economies at the firm level. It also implies divisions between economic sectors due to physical and human capital markets barriers.
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Volume (Year): 9 (2007) Issue (Month): 16 (January-June) Pages: 189-221 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials J42 - Labor and Demographic Economics - - Particular Labor Markets - - - Monopsony; Segmented Labor Markets
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