Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s Reportar como inadecuado




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Abstract

Schooling, an observable signal, decreases its impact on wages as employers -publicly- learn workers’ hidden types over workers’ experience in the market. This symmetric employer learning hypothesis has been empirically contested by, first, asymmetry of incumbent and entrant employers, and second, larger-than-imagined complementarity betweenschooling and work experience, which could enshroud learning effect. Microanalysis of Japanese steel industry shows, 1 experience before entering the long-term employment is complementary to schooling, 2 employer learning effect dominates the complementarity effect after workers’ joining the long-term employment. It suggests that reported evidences of employer learning have in fact captured internal labor market effect.



Item Type: MPRA Paper -

Original Title: Schooling, employer learning, and internal labor market effect: Wage dynamics and human capital investment in the Japanese steel industry, 1930-1960s-

Language: English-

Keywords: employer learning, schooling and wages, internal labor market effect-

Subjects: N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy > N35 - Asia including Middle EastJ - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure ; Wage DifferentialsJ - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity-





Autor: Nakabayashi, Masaki

Fuente: https://mpra.ub.uni-muenchen.de/30749/



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