Discount rate or learning curve?
This article examines a working paper on wage dynamics and unobserved heterogeneity. The paper suggests there are two general classes of heterogeneity: differences in individual productivity and differences in individual preferences. The relationship between smoking and wages might reflect differenc...
| Publicado en: | Monthly Labor Review Vol. 128; no. 4; p. 48 |
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| Formato: | Artículo |
| Publicado: |
US Department of Labor
Apr2005
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=18353969&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 18353969 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00981818 MLR jtl: Monthly Labor Review issn: 00981818 maglogo: N pubinfo: dt: Apr2005 vid: 128 iid: 4 pid: 1929 pub: US Department of Labor artinfo: ui: 18353969 ppf: 48 ppct: 0 formats: fmt: – @attributes: type: T – @attributes: type: P size: 124KB tig: atl: Discount rate or learning curve? aug: su: Heterogeneity Learning ability Working papers Wages & labor productivity Smoking in the workplace sug: subj: Heterogeneity Learning ability Working papers Wages & labor productivity Smoking in the workplace ab: This article examines a working paper on wage dynamics and unobserved heterogeneity. The paper suggests there are two general classes of heterogeneity: differences in individual productivity and differences in individual preferences. The relationship between smoking and wages might reflect differences in time preference or learning ability. The test of which is the more important factor is constructed on the basis of the theoretical implications of time preference and learning ability--the correlation between the individuals starting wage and subsequent wage growth will be very different. The negative correlation between first wage and wage growth is stronger among smokers if learning ability is held constant. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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