全球智库信息集成服务系统(G2TT): Ben-Porath meets Lazear: Lifetime Skill Investment and Occupation Choice with Multiple Skills

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w23367
来源ID	Working Paper 23367
	Ben-Porath meets Lazear: Lifetime Skill Investment and Occupation Choice with Multiple Skills
	Costas Cavounidis; Kevin Lang
发表日期	2017-05-01
出版年	2017
语种	英语
摘要	We develop a fairly general and tractable model of investment when workers can invest in multiple skills and different jobs put different weights on those skills. In addition to expected findings such as that younger workers are more likely than older workers to respond to a demand shock by investing in skills whose value unexpectedly increases, we derive some less obvious results. Credit constraints may affect investment even when they do not bind it equilibrium. If there are mobility costs, firms will generally have an incentive to invest in some of their workers' skills even when there are a large number of similar competitors, and, in equilibrium, there can be overinvestment in all skills. Worker skill accumulation resembles learning by doing even in its absence. We demonstrate how the model can be simulated to show the effect of a shock to the price of individual skills.
主题	Labor Economics ; Labor Supply and Demand ; Labor Compensation
URL	https://www.nber.org/papers/w23367
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/581041
推荐引用方式 GB/T 7714	Costas Cavounidis,Kevin Lang. Ben-Porath meets Lazear: Lifetime Skill Investment and Occupation Choice with Multiple Skills. 2017.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w23367.pdf（445KB）	智库出版物		限制开放	CC BY-NC-SA	浏览