Careers in Firms: The Role of Learning about Ability and Human Capital Acquisition

• 成果类型: Article
• 署名作者: Pastorino, Elena
• 署名单位: Stanford University; National Bureau of Economic Research
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/728454
• 发表日期: 2024
• 页码: 1994-2073
• 关键词: job mobility; comparative advantage; Personnel economics; promotion dynamics; selection bias; self-selection; wage; models; MARKET; COMPENSATION

摘要

Job and wage mobility can arise from firms and workers learning about workers' ability and from workers acquiring human capital with experience. To date, the relative importance of these two mechanisms is debated. Using administrative data from one firm, I estimate a structural model that integrates them. I find the direct effect of beliefs about ability on wages, which existing work has focused on, to be small. However, by improving the sorting of workers to the firm's jobs, learning about ability is indirectly a crucial determinant of wage growth and dispersion.