G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11213
DP11213 Learning, Career Paths, and the Distribution of Wages
Esteban Rossi-Hansberg; Robert Lucas
发表日期2016-04-04
出版年2016
语种英语
摘要We develop a theory of career paths and earnings in an economy in which agents organize in production hierarchies. Agents climb these organizational hierarchies as they learn stochastically from other individuals. Earnings grow over time as agents acquire knowledge and occupy positions with larger numbers of subordinates. We contrast these and other implications of the theory with U.S. census data for the period 1990 to 2010. The model matches well the Lorenz curve of earnings as well as the observed mean experience-earnings profiles. We show that the increase in wage inequality over this period can be rationalized with a shift in the distribution of the complexity and profitability of technologies relative to the distribution of knowledge in the population.
主题Macroeconomics and Growth
URLhttps://cepr.org/publications/dp11213
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/540030
推荐引用方式
GB/T 7714
Esteban Rossi-Hansberg,Robert Lucas. DP11213 Learning, Career Paths, and the Distribution of Wages. 2016.
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