The effect of match quality and specific experience on career decisions and wage growth |
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Authors: | Shintaro Yamaguchi |
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Institution: | 2. Duke University, NC, United States; NBER, and IZA |
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Abstract: | This paper constructs and estimates a career decision model where individuals search for both careers and firms that are a good match for their idiosyncratic skills using the NLSY79. It departs from previous papers in that career mobility decisions and participation decisions are explicitly modeled. I find substantial returns to career-specific experience. However, college graduates' wage grows little through career-match upgrading, which results in a lower incidence of career changes than high school graduates. The finding suggests that college graduates learn about their suitable careers before they enter a labor market. |
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