| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16961 |
| DP16961 Labor Market Fluidity and Human Capital Accumulation | |
| Niklas Engbom | |
| 发表日期 | 2022-01-28 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job-to-job mobility is more common. A life-cycle theory of job shopping and accumulation of skills on the job highlights that a more fluid labor market allows workers to faster relocate to jobs where they can better use their skills, incentivizing accumulation of skills. Lower labor market fluidity reduces life-cycle wage growth by 20 percent and aggregate labor productivity by nine percent across the OECD relative to the US. I derive a set of testable predictions for training and confront them with comparable cross-country training data, finding support for the theory. |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| URL | https://cepr.org/publications/dp16961 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545904 |
| 推荐引用方式 GB/T 7714 | Niklas Engbom. DP16961 Labor Market Fluidity and Human Capital Accumulation. 2022. |
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