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

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

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Shintaro Yamaguchi

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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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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
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Handle: RePEc:mcm:deptwp:2007-01

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Find related papers by JEL classification:
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
J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
J62 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Job, Occupational and Intergenerational Mobility; Promotion

This paper has been announced in the following NEP Reports:

NEP-ALL-2007-02-17 (All new papers)
NEP-BEC-2007-02-17 (Business Economics)
NEP-HRM-2007-02-17 (Human Capital & Human Resource Management)

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