OCCUPATIONAL SPECIFICITY OF HUMAN CAPITAL

• 成果类型: Article
• 署名作者: Kambourov, Gueorgui; Manovskii, Iourii
• 署名单位: University of Pennsylvania; University of Toronto
• 刊物名称: INTERNATIONAL ECONOMIC REVIEW
• ISSN/ISSBN: 0020-6598
• DOI: 10.1111/j.1468-2354.2008.00524.x
• 发表日期: 2009
• 页码: 63-115
• 关键词: wage-tenure contracts; job seniority; displaced workers; UNITED-STATES; labor-market; young men; mobility; rise; INVESTMENT; DYNAMICS

摘要

We find that returns to occupational tenure are substantial. Everything else being constant, 5 years of occupational tenure are associated with an increase in wages of 12%-20%. Moreover, when occupational experience is taken into account, tenure with an industry or employer has relatively little importance in accounting for the wage one receives. This finding is consistent with human capital being occupation specific.