On the industry experience premium and labor mobility |
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| Authors: | Montserrat Vilalta-Bufi |
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| Affiliation: | 1. Urban Environmental Biogeochemistry Laboratory, Towson University, Towson, MD 21252, USA;2. Mutch Associates, LLC., Ramsey, NJ 07446, USA;1. Jiangsu Key Laboratory of Hazardous Chemicals Safety and Control, College of Urban Construction and Safety Engineering, Nanjing Tech University, Nanjing, 210009, China;2. University Paris-Est, Laboratoire Modelisation et Simulation Multi Echelle, MSME (UMR 8208 CNRS), 5 bd Descartes – Bat. Lavoisier, 77454 Marne-la-Vallee Cedex 2, France;1. Ningbo Key Laboratory of Marine Protection Materials, Ningbo Institute of Materials Technology and Engineering, Chinese Academy of Sciences, Ningbo 315201, China;2. Department of Modern Physics, University of Science and Technology of China, Hefei 230026, China;1. Neuroscience and Mental Health Institute, University of Alberta, Edmonton, Alberta, Canada;2. Centre for Prions and Protein Folding Diseases, University of Alberta, Edmonton, Alberta, Canada;3. Division of Neurology, Department of Medicine, University of Alberta, Edmonton, Alberta, Canada;4. Department of Psychology, University of Alberta, Edmonton, Alberta, Canada;1. Pulmonary and Critical Care Division, University of Texas Southwestern Medical Center, Dallas, Texas;2. Cardiology Division, University of Texas Southwestern Medical Center, Dallas, Texas;3. Department of Internal Medicine, University of Texas Southwestern Medical Center, Dallas, Texas |
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| Abstract: | There is evidence that experience premium differs across industries. We propose a theoretical model for explaining these differences. We assume that labor mobility brings external knowledge to the firm, which increases its productivity. We find that industry experience premium is decreasing in inter-firm mobility costs, while increasing in the learning-by-doing and the technological level of the industry. Moreover, it has a U-shape relationship with the level of learning-by-hiring, the substitutability between different types of experienced workers and the variety of knowledge in the industry. Results are consistent with the empirical findings that R&D-intensive industries have steeper wage profiles. |
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