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Stepping Stone Mobility

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  • Jovanovic, B.
  • Nyarko, Y.

Abstract

People at the top of an occupational ladder earn more partly because they have spent time on lower rungs, where they have learned something. But what precisely do they learn? There are two contrasting views: First, the "Bandit" model assumes that people are different, that experience reveals their caracteristics, and that consequently an occupational switch can result. Second, in our "Stepping Stone" model, experience raises a worker's productivity on a given task and the acquired skill can in part be transferred to other occupations, and this prompts movement.

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File URL: http://econ.as.nyu.edu/docs/IO/9383/RR96-26.PDF
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Bibliographic Info

Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number 96-26.

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Length: 39 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:cvs:starer:96-26

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Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
Phone: (212) 998-8936
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Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html
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Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012
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Keywords: HUMAN CAPITAL;

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