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来源类型Working Paper
规范类型报告
DOI10.3386/w29698
来源IDWorking Paper 29698
Labor Market Fluidity and Human Capital Accumulation
Niklas Engbom
发表日期2022-01-31
出版年2022
语种英语
摘要Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job-to-job mobility is more common. A life-cycle theory of job shopping and accumulation of skills on the job highlights that a more fluid labor market allows workers to faster relocate to jobs where they can better use their skills, incentivizing accumulation of skills. Lower labor market fluidity reduces life-cycle wage growth by 20 percent and aggregate labor productivity by nine percent across the OECD relative to the US. I derive a set of testable predictions for training and confront them with comparable cross-country training data, finding support for the theory.
主题Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w29698
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/587372
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Niklas Engbom. Labor Market Fluidity and Human Capital Accumulation. 2022.
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