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作者：Chang, C; Wang, YJ
摘要：This article investigates how human capital investment, labor turnover, and wages are jointly determined when the current employer knows more about a worker's productivity than potential employers. Results derived are quite different from, or unexplored by, the standard human capital theory. We show that the information asymmetry can cause an externality distortion in human capital investment because higher productivity due to the investment may not be recognized by the market. The investment ...
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作者：Paxson, CH; Sicherman, N
作者单位：National Bureau of Economic Research; Columbia University
摘要：This article concerns dual job holding and its link to job mobility. We present evidence from U.S. data on patterns of dual job holding, hours changes, and job mobility. We find that workers move into and out of second jobs frequently, that these movements are associated with large changes in work hours, and that hours constraints may prompt workers to take second jobs. Second, we review theories of dual job holding and present a stochastic dynamic model of dual job holding and job mobility in...
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作者：Chan, W
摘要：This article presents a model of labor market adjustments as a sequential process of reallocation among various market and nonmarket sectors. Training costs introduce friction into the process, while fixed costs of working limit work sharing, resulting in unemployment. Adjustments in sectoral labor market variables to demand shocks can follow very different patterns, depending on relative demands and the expected duration of the shocks. In particular, a permanent boom in a sector may result in...
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作者：Zax, JS; Kain, JF
作者单位：Harvard University
摘要：This article examines the responses of black and white workers to their employer's relocation from downtown Detroit to suburban Dearborn. Estimates of move and quit probabilities demonstrate that white employees whose commutes lengthened because of the relocation were more likely to move, but no more likely to quit, than white employees whose commute shortened. Black employees whose commutes lengthened were more likely to both move and quit in the wake of the relocation. In effect, the restric...
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作者：Angrist, JD
作者单位：National Bureau of Economic Research; Massachusetts Institute of Technology (MIT)
摘要：Palestinian residents of the West Bank and Gaza Strip who work in Israel generally earn more than Palestinians employed locally, but this wage premium is highly volatile. Beginning with the 1987 Palestinian uprising, changes in wage differentials by work location parallel Palestinian absences from work in Israel. This article interprets changing location differentials in response to exogenous shocks as movements along an Israeli demand curve for migrant workers. Estimates of a model of the Wes...
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作者：Johnson, RW
摘要：This article develops a model, with deferred compensation and severance pay, that predicts that workers bear all the costs and receive all the returns of human capital investments and that specific investments yield higher returns than general investments. This model also predicts that pensions, which efficiently defer compensation, will be positively related to specific investments. Evidence from the National Longitudinal Survey of Older Men confirms these predictions; participation in compan...
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作者：Abraham, KG; Taylor, SK
作者单位：University System of Maryland; University of Maryland College Park
摘要：A firm's decision to contract out for business support services may be influenced by the wage and benefit savings it could realize, the volatility of its output demand, and the availability of specialized skills possessed by the outside contractor. Analysis of newly available establishment-level data shows that all three of these factors help to explain observed contracting behavior. The reported empirical findings are relevant both for understanding the recent growth in business support servi...
