A Dynamic Analysis of Sectoral Mobility, Worker Mismatc and the Wage-Tenure Profiles

Autor:	Stéphane Auray, David Fuller, Damba lkhagvasuren, Antoine Terracol
Rok vydání:	2014
Předmět:	jel:J24 Labor Mobility Wage Structure Excess and Net Mobility Industry-Specific Experience Dynamic Sectoral Mismatch Labor Income Shocks Returns to Tenure jel:J31 health care economics and organizations jel:J62 jel:E24
Popis:	A dynamic multi-sector model with net and excess mobility is developed to quantify the determinants of the canonical increasing wage-tenure profile. The model distinguishes between three factors: sector specific skill accumulation, sectoral-level shocks, and dynamic worker sector mismatch shocks. The sector-specific skill premium drives the observed negative correlation between lifetime earnings and mobility. Excess mobility driven by worker-sector mismatch shocks explains nearly 20 percent of the observed wage growth for recent movers. A model featuring only dynamic worker-sector mismatch shocks still captures the salient features of the wage-tenure profile. Sectoral-level shocks have a negligible impact on the wage-tenure profile and excess mobility
Databáze:	OpenAIRE
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