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Estimating a General Equilibrium Model of Intersectoral Mobility with Aggregate Shocks

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Author Info
Donghoon Lee
Kenneth Wolpin

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Abstract

A dynamic general equilibrium model of work, schooling, occupational and sectoral decisions is developed and estimated. The model is fit to data on life cycle employment, schooling, occupational and sectoral decisions, and on life cycle labor earnings, within and between cohorts observed in the US between 1968 and 1993. Based on the estimates of the model, the impacts of 1)sector-specific work experience, 2) skill enodowments, and 3) mobility costs on intersectoral mobility are assessed

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File URL: http://homepages.nyu.edu/~dl64/equilib4.pdf
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Paper provided by Society for Economic Dynamics in its series 2004 Meeting Papers with number 110.

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Date of creation: 2004
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Handle: RePEc:red:sed004:110

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Related research
Keywords: human capital; intersectoral mobility;

Find related papers by JEL classification:
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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This page was last updated on 2009-12-2.

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