Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/35831 
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dc.contributor.authorBurdett, Kenen
dc.contributor.authorCarrillo-Tudela, Carlosen
dc.contributor.authorColes, Melvyn G.en
dc.date.accessioned2009-07-28-
dc.date.accessioned2010-07-07T11:58:57Z-
dc.date.available2010-07-07T11:58:57Z-
dc.date.issued2009-
dc.identifier.piurn:nbn:de:101:1-20090619109en
dc.identifier.urihttp://hdl.handle.net/10419/35831-
dc.description.abstractWe analyse an equilibrium labour market with on-the-job search and experience effects (where workers learn-by-doing). The analysis yields a standard Mincer wage equation with worker fixed effects and endogenously determined firm fixed effects. It shows that learning-by-doing increases equilibrium wage dispersion consistent with the data. Equilibrium sorting - where over time more experienced workers also tend to find and quit to better paid employment - has a significant impact on wage inequality. As the model yields a cross section distribution of wages paid with the 'right' structure (the density of wages paid is single peaked with a 'fat' Pareto right tail) and yields the 'right' time profile of worker wage outcomes (the initial 10 years of a worker's career are characterised by several job changes and rapid wage growth) it yields a new, coherent statistical structure for future applied work.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4215en
dc.subject.jelJ24en
dc.subject.jelJ42en
dc.subject.jelJ64en
dc.subject.ddc330en
dc.subject.keywordSearchen
dc.subject.keywordwage dispersionen
dc.subject.keywordhuman capital accumulationen
dc.subject.stwArbeitsmarkttheorieen
dc.subject.stwArbeitsucheen
dc.subject.stwBildungsinvestitionen
dc.subject.stwBerufsbegleitende Ausbildungen
dc.subject.stwBerufserfahrungen
dc.subject.stwLohnstrukturen
dc.subject.stwGleichgewichten
dc.subject.stwTheorieen
dc.titleHuman capital accumulation and labour market equilibrium-
dc.type|aWorking Paperen
dc.identifier.ppn605473374en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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