Career Progression and Comparative Advantage
This paper constructs and structurally estimates a dynamic model of occupational choice where all occupations are characterized in a continuous multidimensional space of skill requirement using the data from the Dictionary of Occupational Titles and the NLSY79. This skill space approach allows the model to include hundreds of occupations at the three-digit census classification level without a large number of parameters. Thereby it provides more detailed analysis of occupations than previous papers. Parameter estimates indicate that skill demanding occupations offer higher returns to education and experience, which results in occupational sorting. They also suggest that the estimated skill prices by the OLS are severely biased due to this sorting.
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- Gueorgui Kambourov & Iourii Manovskii, 2009.
"Occupational Specificity Of Human Capital,"
International Economic Review,
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- Kathryn L. Shaw, 1984. "A Formulation of the Earnings Function Using the Concept of Occupational Investment," Journal of Human Resources, University of Wisconsin Press, vol. 19(3), pages 319-340.
- Yamaguchi, Shintaro, 2010.
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Elsevier, vol. 17(2), pages 407-423, April.
- Shintaro Yamaguchi, 2007. "The Effect of Match Quality and Specific Experience on Career Decisions and Wage Growth," Department of Economics Working Papers 2007-01, McMaster University.
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- Derek Neal, 1998.
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NBER Working Papers
6662, National Bureau of Economic Research, Inc.
- Keane, Michael P & Wolpin, Kenneth I, 1997.
"The Career Decisions of Young Men,"
Journal of Political Economy,
University of Chicago Press, vol. 105(3), pages 473-522, June.
- Miller, Robert A, 1984. "Job Matching and Occupational Choice," Journal of Political Economy, University of Chicago Press, vol. 92(6), pages 1086-1120, December.
- Sicherman, Nachum & Galor, Oded, 1990.
"A Theory of Career Mobility,"
Journal of Political Economy,
University of Chicago Press, vol. 98(1), pages 169-192, February.
- Oded Galor & Nachum Sicherman, 1988. "A Theory of Career Mobility," University of Chicago - George G. Stigler Center for Study of Economy and State 51, Chicago - Center for Study of Economy and State.
- Jovanovic, Boyan & Nyarko, Yaw, 1997.
Carnegie-Rochester Conference Series on Public Policy,
Elsevier, vol. 46(1), pages 289-325, June.
- Donghoon Lee & Kenneth I. Wolpin, 2006.
"Intersectoral Labor Mobility and the Growth of the Service Sector,"
Econometric Society, vol. 74(1), pages 1-46, 01.
- Donghoon Lee & Kenneth I. Wolpin, 2004. "Intersectoral Labor Mobility and the Growth of the Service Sector," PIER Working Paper Archive 04-036, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
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