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来源类型Working Paper
规范类型报告
DOI10.3386/w22151
来源IDWorking Paper 22151
Learning, Career Paths, and the Distribution of Wages
Santiago Caicedo; Robert E. Lucas, Jr.; Esteban Rossi-Hansberg
发表日期2016-04-11
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 ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand ; Labor Compensation ; Development and Growth ; Innovation and R& ; D ; Growth and Productivity
URLhttps://www.nber.org/papers/w22151
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/579825
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Santiago Caicedo,Robert E. Lucas, Jr.,Esteban Rossi-Hansberg. Learning, Career Paths, and the Distribution of Wages. 2016.
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