Tenure, Experience, Human Capital, and Wages: A Tractable Equilibrium Search Model of Wage Dynamics

被引：97

作者：

Bagger, Jesper ^{[1
,2
]}

Fontaine, Francois ^{[3
,4
,5
]}

Postel-Vinay, Fabien ^{[6
,7
]}

Robin, Jean-Marc ^{[8
,9
]}

机构：

[1] Univ London, Egham TW20 0EX, Surrey, England

[2] CAP, Northfield, IL USA

[3] Univ Lorraine, F-54000 Nancy, France

[4] BETA CNRS, Strasbourg, France

[5] CREST ENSAE, Paris, France

[6] UCL, Dept Econ, London WC1H 0AX, England

[7] Sci Po, Paris, France

[8] Sci Po, Dept Econ, F-75007 Paris, France

[9] UCL, London, England

来源：

AMERICAN ECONOMIC REVIEW | 2014年 / 104卷 / 06期

关键词：

THE-JOB SEARCH; SENIORITY; EARNINGS; HETEROGENEITY; UNEMPLOYMENT; MOBILITY; INCOME; RISE; DISPERSION; INSURANCE;

D O I：

10.1257/aer.104.6.1551

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity, and individual-level shocks. Wage growth is decomposed into contributions of human capital and job search, within and between jobs. Human capital accumulation is largest for highly educated workers. The contribution from job search to wage growth, both within and between jobs, declines over the first ten years of a career-the "job-shopping" phase of a working life-after which workers settle into high-quality jobs using outside offers to generate gradual wage increases, thus reaping the benefits from competition between employers.

引用

页码：1551 / 1596

页数：46