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Tasks and Heterogeneous Human Capital

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Author Info

  • Shintaro Yamaguchi

Abstract

This paper proposes a new approach to modeling heterogeneous human capital using task data from the Dictionary of Occupational Titles. The key feature of the model is that it departs from the Roy model, which treats occupations as distinct categories, and conceives of occupations as bundles of tasks. The advantages of this approach are that it can accommodate many occupations without computational burden and provide a clear interpretation as to how and why skills are differently rewarded across occupations. The model is structurally estimated by the Kalman filter using the NLSY79.

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File URL: http://socserv.mcmaster.ca/econ/rsrch/papers/archive/2011-06.pdf
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Bibliographic Info

Paper provided by McMaster University in its series Department of Economics Working Papers with number 2011-06.

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Length: 55 pages
Date of creation: Sep 2011
Date of revision:
Handle: RePEc:mcm:deptwp:2011-06

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Related research

Keywords: Roy model; task approach; human capital; occupational choice; Kalman filter; structural estimation.;

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References

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  1. Shintaro Yamaguchi, 2008. "Career Progression and Comparative Advantage," Department of Economics Working Papers 2008-03, McMaster University.
  2. Paul Sullivan, 2009. "Estimation of an Occupational Choice Model when Occupations are Misclassified," Journal of Human Resources, University of Wisconsin Press, vol. 44(2).
  3. Rubinstein, Yona & Weiss, Yoram, 2006. "Post Schooling Wage Growth: Investment, Search and Learning," Handbook of the Economics of Education, Elsevier.
  4. Teulings, Coen N, 1995. "The Wage Distribution in a Model of the Assignment of Skills to Jobs," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 280-315, April.
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Citations

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Cited by:
  1. Pedro Silos & Eric Smith, 2012. "Human capital portfolios," Working Paper 2012-03, Federal Reserve Bank of Atlanta.
  2. Chris Robinson, 2011. "Occupational Mobility, Occupation Distance and Specific Human Capital," University of Western Ontario, CIBC Centre for Human Capital and Productivity Working Papers 20115, University of Western Ontario, CIBC Centre for Human Capital and Productivity.
  3. Jonathan James, 2012. "Learning and occupational sorting," Working Paper 1225, Federal Reserve Bank of Cleveland.
  4. Ronni Pavan & Josh Kinsler, 2012. "The Specificity of General Human Capital: Evidence from College Major Choice," 2012 Meeting Papers 1036, Society for Economic Dynamics.
  5. Susumu Imai & Derek Stacey & Casey Warman, 2011. "From Engineer to Taxi Driver? Occupational Skills and the Economic Outcomes of Immigrants," Working Papers 1275, Queen's University, Department of Economics.
  6. Guido Matias Cortes, 2012. "Where Have the Routine Workers Gone? A Study of Polarization Using Panel Data," The School of Economics Discussion Paper Series 1224, Economics, The University of Manchester.
  7. R. Romano & A. Tampieri, 2013. "Arts vs Engineering: The Choice among Consumption of and Investment in Education," Working Papers wp892, Dipartimento Scienze Economiche, Universita' di Bologna.
  8. Carl Sanders, 2012. "Skill Uncertainty, Skill Accumulation, and Occupational Choice," 2012 Meeting Papers 633, Society for Economic Dynamics.
  9. Ronni Pavan, 2006. "Career Choice and Wage Growth," 2006 Meeting Papers 504, Society for Economic Dynamics.

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