LEARNING AND LIFE CYCLE PATTERNS OF OCCUPATIONAL TRANSITIONS

• 成果类型: Article
• 署名作者: Gorry, Aspen; Gorry, Devon; Trachter, Nicholas
• 署名单位: Clemson University; Federal Reserve System - USA; Federal Reserve Bank - Richmond
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/iere.12371
• 发表日期: 2019
• 页码: 905-937
• 关键词: job mobility; stepping-stone; specificity

摘要

Individuals experience frequent occupational switches during their lifetime, and initial worker characteristics are predictive of future patterns of occupational switching. We construct a quantitative model of occupational choices with worker learning and occupation-specific productivity shocks to match life cycle patterns of occupational transitions and quantify the value of occupational mobility and learning. For the average 18-year-old worker, the value of being able to switch occupations is about 67 months of the maximum wage he or she could earn in the model, and the value of a worker learning his or her type is about 32 months of this maximum wage.