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作者：Balmaceda, F
作者单位：Universidad de Chile
摘要：This article analyzes firm and worker's incentives to invest in general and specific training when these are separable in the production technology and wages are determined by the outside-option principle. It is shown that firms pay for general training, while workers receive the full return on it, and firms and workers share both the costs and benefits of specific training. The case of delayed general training is also studied. When general training is delayed, it is shown that the strategic c...
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作者：Lentz, R; Tranæs, T
作者单位：Boston University
摘要：This article studies a risk-averse worker's optimal savings and job search behavior as she moves back and forth between employment and unemployment. We show that job search effort is negatively related to wealth under the assumption of additively separable utility. Consequently, job search exhibits positive unemployment duration dependence because wealth is drawn down to smooth consumption as the spell progresses. Finally, given optimal search, savings still provide imperfect insurance against...
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作者：Bray, JW
作者单位：Research Triangle Institute
摘要：This article develops and estimates a model of wage determination that isolates the effects of alcohol use on wages as mediated through human capital accumulation. Although generally insignificant, estimation results suggest that moderate alcohol use while in school or working has a positive effect on the returns to education or experience, and therefore on human capital accumulation, but heavier drinking reduces this gain slightly. Based on these results, alcohol use does not appear to advers...
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作者：Munasinghe, L; O'Flaherty, B
作者单位：Columbia University; Columbia University
摘要：Turnover falls with tenure, but wages do not always rise (and sometimes fall) with tenure. We reconcile these findings by revisiting an old issue: how gains from firm-specific training are split between workers and firms. The division is determined by a stationary distribution of outside offers. The lower the wage a firm pays to a specifically trained worker, the more profit it makes but the more likely the employee is to leave. The optimal time paths of wages and turnover show that, if margin...
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作者：Devereux, PJ
作者单位：University of California System; University of California Los Angeles
摘要：I use panel data to examine whether long-term changes in industry wages are positively related to long-term changes in industry employment. Previous research using repeated cross-sectional data found no systematic relationship between these variables. Using standard fixed effects models to deal with individual heterogeneity, I find a robust positive relationship between changes in composition-constant industry wages and industry employment. This suggests that growing industries attract less sk...
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作者：Meng, X; Gregory, RG
作者单位：Australian National University
摘要：This article investigates the assimilation role of intermarriage between immigrants and natives. Intermarried immigrants earn significantly higher incomes than endogamously married immigrants, even after we take account of human capital endowments and endogeneity of intermarriage. The premium does not appear to be a reward for unobservable individual characteristics. Natives who intermarry do not receive this premium, nor do immigrants who intermarry into another ethnic group. The premium is m...
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作者：James-Burdumy, S
摘要：The effect of maternal employment on child development is examined using fixed effects models. Hausman tests suggest that ordinary least squares models produce biased and inconsistent estimates. Fixed effects results show that only one of three tests ( PIAT math) was negatively affected by maternal hours and weeks worked in year 1 of the child's life. The PIAT reading score was negatively affected by weeks worked in year 1 but not hours worked in year 1. None of the tests were affected by week...
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作者：Kugler, AD; Sauer, RM
作者单位：University of Houston System; University of Houston; Pompeu Fabra University; University of Southampton
摘要：Relicensing requirements for professionals who move across borders are widespread. In this article, we measure the effects of occupational licensing by exploiting an immigrant physician retraining assignment rule. Instrumental variables and quantile treatment effects estimates indicate large returns to acquiring an occupational license and negative selection into licensing status. We also develop a model of optimal license acquisition that, together with the empirical results, suggests that st...
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作者：Krueger, AB
作者单位：Princeton University; National Bureau of Economic Research
摘要：Beginning in 1997, the price of concert tickets took off and ticket sales declined. From 1996 to 2003, for example, the average concert price increased by 82%, while the CPI increased by 17%. Explanations for price growth include ( 1) the possible crowding out of the secondary ticket market, ( 2) rising superstar effects, ( 3) Baumols and Bowen's disease, ( 4) increased concentraion of promoters, and ( 5) the erosion of complementarities between concerts and album sales because of file sharing...
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作者：Chin, A
作者单位：University of Houston System; University of Houston
摘要：In 1942, all Japanese were evacuated from the West Coast and incarcerated in internment camps. To investigate the long-run economic consequences of this historic episode, I exploit the fact that Hawaiian Japanese were not subject to mass internment. I find that the labor market withdrawal induced by the internment reduced the annual earnings of males by as much as 9%-13% 25 years afterward. This is consistent with the predictions of an economic model that equates the labor market withdrawal in...
