Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97394
Authors: 
Bagger, Jesper
Fontaine, François
Postel-Vinay, Fabien
Robin, Jean-Marc
Year of Publication: 
2014
Series/Report no.: 
cemmap working paper, Centre for Microdata Methods and Practice CWP12/14
Abstract: 
We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks. Career wage growth is decomposed into the contributions of human capital and job search, within and between jobs. Human capital accumulation is largest for highly educated workers, and both human capital accumulation and job search contribute to the observed concavity of wage-experience profiles. The contribution from job search to wage growth, both within- and between-job, declines over the first ten years of a career - the 'job-shopping' phase of a working life - after which workers settle into high-quality jobs and use outside offers to generate gradual wage increases, thus reaping the benefits from competition between employers.
Subjects: 
Job Search
Human Capital Accumulation
Within-Job Wage Growth
Between-Job Wage Growth
Individual Shocks
Structural Estimation
Matched Employer-Employee Data
JEL: 
J24
J31
J41
J62
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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