Human capital accumulation and labor market equilibrium

Kenneth Burdett, Carlos Carrillo-Tudela, Melvyn G. Coles

Research output: Contribution to journalArticlepeer-review

Abstract

We analyze an equilibrium labor market with on-the-job search and experience effects (as workers learn by doing). The analysis yields a Mincer wage equation with worker fixed effects and endogenously determined firm fixed effects. Equilibrium sorting-where over time more experienced workers also tend to move to better paid employment-has a significant impact on wage inequality.

Original languageEnglish (US)
Pages (from-to)657-677
Number of pages21
JournalInternational Economic Review
Volume52
Issue number3
DOIs
StatePublished - Aug 2011

ASJC Scopus subject areas

  • Economics and Econometrics

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