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The Effect of Match Quality and Specific Experience on Career Decisions and Wage Growth

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  • Shintaro Yamaguchi

Abstract

This paper constructs and estimates a career decision model where individuals search for both career matching and employer matching to understand wage growth and career mobility using the NLSY79. It departs from previous papers in that career mobility decisions and participation decisions are explicitly modeled. I find substantial returns to career-specific experience. However, college graduates’ wage grows little through career-match upgrading, which results in a lower incidence of career changes than high school graduates. The finding suggests that college graduates learn about their suitable careers before they enter a labor market.

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File URL: http://socserv.mcmaster.ca/econ/rsrch/papers/archive/2007-01.pdf
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Bibliographic Info

Paper provided by McMaster University in its series Department of Economics Working Papers with number 2007-01.

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Length: 35 pages
Date of creation: Aug 2007
Date of revision:
Handle: RePEc:mcm:deptwp:2007-01

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Keywords: Specific Human Capital; Occupational Choice; Matching;

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References

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  1. Paul Sullivan, 2009. "Estimation of an Occupational Choice Model when Occupations are Misclassified," Journal of Human Resources, University of Wisconsin Press, vol. 44(2).
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  4. Shintaro Yamaguchi, 2009. "Career Progression and Comparative Advantage," Global COE Hi-Stat Discussion Paper Series gd08-025, Institute of Economic Research, Hitotsubashi University.
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Cited by:
  1. Shintaro Yamaguchi, 2009. "Career Progression and Comparative Advantage," Global COE Hi-Stat Discussion Paper Series gd08-025, Institute of Economic Research, Hitotsubashi University.
  2. Paul Hek & Daniel Vuuren, 2011. "Are older workers overpaid? A literature review," International Tax and Public Finance, Springer, vol. 18(4), pages 436-460, August.

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