The link between ability and specialization: an explanation for observed correlations between wages and mobility rates.
Wage levels and turnover rates are negatively correlated across types of employment, and this fact is often interpreted as evidence that high-wage jobs are rationed. A simple training model illustrates, however, that this correlation may arise because able workers have an incentive to choose highly...
| Publicado en: | Journal of Human Resources Vol. 33; no. 1; pp. 173 - 201 |
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| Formato: | Artículo |
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University of Wisconsin Press
Winter98
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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=507618826&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 507618826 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0022166X JHR jtl: Journal of Human Resources issn: 0022166X maglogo: N pubinfo: dt: Winter98 vid: 33 iid: 1 pid: 249 pub: University of Wisconsin Press artinfo: ui: 507618826 10.2307/146318 ppf: 173 ppct: 28 formats: fmt: – @attributes: type: T – @attributes: type: P size: 6.8MB tig: atl: The link between ability and specialization: an explanation for observed correlations between wages and mobility rates. aug: au: Neal, Derek A. su: Statistical correlation Mathematical models in business Labor turnover Wages Employee training Mathematical models sug: subj: Statistical correlation Mathematical models in business Labor turnover Wages Employee training Mathematical models ab: Wage levels and turnover rates are negatively correlated across types of employment, and this fact is often interpreted as evidence that high-wage jobs are rationed. A simple training model illustrates, however, that this correlation may arise because able workers have an incentive to choose highly specialized jobs. In any job, the most able workers possess the most valuable stocks of specific skills and therefore face the highest mobility costs. Thus, able workers may have a comparative advantage in specialized employments. Data from the national Longitudinal Survey of Youth provide an opportunity to evaluate the meats of the training model developed here. Data on worker training and mobility provide support for several implications of the model. The model also provides new ways to interpret existing results in the literature on interindustry wage differentials. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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