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dc.contributor.authorBurdett, Kenen_US
dc.contributor.authorCarrillo-Tudela, Carlosen_US
dc.contributor.authorColes, Melvyn G.en_US
dc.date.accessioned2009-07-28en_US
dc.date.accessioned2010-07-07T11:58:57Z-
dc.date.available2010-07-07T11:58:57Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:101:1-20090619109en_US
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_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 4215en_US
dc.subject.jelJ24en_US
dc.subject.jelJ42en_US
dc.subject.jelJ64en_US
dc.subject.ddc330en_US
dc.subject.keywordSearchen_US
dc.subject.keywordwage dispersionen_US
dc.subject.keywordhuman capital accumulationen_US
dc.subject.stwArbeitsmarkttheorieen_US
dc.subject.stwArbeitsucheen_US
dc.subject.stwBildungsinvestitionen_US
dc.subject.stwBerufsbegleitende Ausbildungen_US
dc.subject.stwBerufserfahrungen_US
dc.subject.stwLohnstrukturen_US
dc.subject.stwGleichgewichten_US
dc.subject.stwTheorieen_US
dc.titleHuman capital accumulation and labour market equilibriumen_US
dc.typeWorking Paperen_US
dc.identifier.ppn605473374en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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