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Tasks and Heterogeneous Human Capital

  • Shintaro Yamaguchi

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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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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  18. 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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