Multidimensional Skills, Sorting, and Human Capital Accumulation

• 成果类型: Article
• 署名作者: Lise, Jeremy; Postel-Vinay, Fabien
• 署名单位: University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis; University of London; University College London; University of London; London School Economics & Political Science
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20162002
• 发表日期: 2020
• 页码: 2328-2376
• 关键词: life-cycle; wage; mobility; GROWTH; WORKER; Heterogeneity; specificity; search; MODEL

摘要

We construct a structural model of on-the-job search in which workers differ in skills along several dimensions and sort themselves into jobs with heterogeneous skill requirements along those same dimensions. Skills are accumulated when used, and depreciate when not used. We estimate the model combining data from O*NET with the NLSY79. We use the model to shed light on the origins and costs of mismatch along heterogeneous skill dimensions. We highlight the deficiencies of relying on a unidimensional model of skill when decomposing the sources of variation in the value of lifetime output between initial conditions and career shocks.