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Profitable Career Paths: Accumulated Skills in Work, Their Degree of Transferability and Wage Premia

Author

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  • Zangelidis, Alexandros N

    (University of Warwick)

Abstract

In this paper we challenge the conventional assumption that accumulated human capital can be divided into employer-specific and general labour market skills and explore the possibility of industry and occupational specificity. The estimates of a Mincer wage equation, on a BHPS sample, suggest some interesting patterns. Occupational expertise, so far overlooked in the literature, appears to play a major role on workersÕ earnings profiles. Antithetically, the evidence on industry experience is limited and in some cases mixed. Furthermore, the estimated occupational effect is actually driven by some particular occupations, implying that expertise is important only in these specific career paths.

Suggested Citation

  • Zangelidis, Alexandros N, 2003. "Profitable Career Paths: Accumulated Skills in Work, Their Degree of Transferability and Wage Premia," Royal Economic Society Annual Conference 2003 226, Royal Economic Society.
    • Handle: RePEc:ecj:ac2003:226
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    Cited by:

    1. Alexandros Zangelidis, 2008. "Seniority Profiles in Unionized Workplaces: Do Unions Still have the Edge?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 70(3), pages 327-345, June.

    More about this item

    Keywords

    human capital; occupational expertise; industry experience; wages;
    All these keywords.

    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

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