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Multidimensional Skills, Sorting, and Human Capital Accumulation

Author

Listed:
  • Fabien Postel-Vinay

    (UCL)

  • Jeremy Lise

    (UCL)

Abstract

We construct a structural model of on-the-job search in which workers differ in skills along several dimensions (cognitive, manual, interpersonal) and sort themselves into jobs with heterogeneous skill requirements along those same dimensions. We further allow for skills to be accumulated when used, and eroded away when not used. We estimate the model using occupation-level measures of skill requirements based on O*NET data, combined with a worker-level panel from the NLSY79. We use the estimated model to shed light on the origins and costs of mismatch along the cognitive, manual, and interpersonal skill dimensions. Our results clearly suggest that those three types of skills are very different productive attributes.

Suggested Citation

  • Fabien Postel-Vinay & Jeremy Lise, 2015. "Multidimensional Skills, Sorting, and Human Capital Accumulation," 2015 Meeting Papers 386, Society for Economic Dynamics.
  • Handle: RePEc:red:sed015:386
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    File URL: https://economicdynamics.org/meetpapers/2015/paper_386.pdf
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    References listed on IDEAS

    as
    1. David H. Autor & Frank Levy & Richard J. Murnane, 2003. "The skill content of recent technological change: an empirical exploration," Proceedings, Federal Reserve Bank of San Francisco.
    2. Carl Sanders, 2012. "Skill Uncertainty, Skill Accumulation, and Occupational Choice," 2012 Meeting Papers 633, Society for Economic Dynamics.
    3. Fabien Postel-Vinay & Jean-Marc Robin, 2002. "Equilibrium Wage Dispersion with Worker and Employer Heterogeneity," Econometrica, Econometric Society, pages 2295-2350.
    4. Carl Sanders & Christopher Taber, 2012. "Life-Cycle Wage Growth and Heterogeneous Human Capital," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 399-425, July.
    5. Karahan, Fatih & Rhee, Serena, 2014. "Population aging, migration spillovers, and the decline in interstate migration," Staff Reports 699, Federal Reserve Bank of New York, revised 01 Apr 2017.
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    Cited by:

    1. Paul Sullivan, "undated". "Job Tasks, Time Allocation, and Wages," Working Papers 2017-03, American University, Department of Economics.
    2. Todd Stinebrickner & Ralph Stinebrickner & Paul Sullivan, 2017. "Job Tasks, Time Allocation, and Wages," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20176, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    3. Fatih Guvenen & Burhanettin Kuruscu & Satoshi Tanaka & David Wiczer, 2015. "Multidimensional Skill Mismatch," NBER Working Papers 21376, National Bureau of Economic Research, Inc.
    4. Fabien Postel-Vinay & Ilse Lindenlaub, 2017. "Multidimensional Sorting under Random Search," 2017 Meeting Papers 501, Society for Economic Dynamics.
    5. Todd Stinebrickner & Ralph Stinebrickner & Paul Sullivan, 2017. "Beauty, Job Tasks, and Wages: A New Conclusion About Employer Taste-Based Discrimination," University of Western Ontario, Centre for Human Capital and Productivity (CHCP) Working Papers 20175, University of Western Ontario, Centre for Human Capital and Productivity (CHCP).
    6. Jeremy Lise, 2016. "The Research Agenda: Jeremy Lise on Heterogeneity and dynamics in the labor market and within the household," EconomicDynamics Newsletter, Review of Economic Dynamics, vol. 17(1), April.

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