Essays on human capital and labor market dynamics
This thesis investigates the role of human capital in understanding recent developments in the U.S. labor market. Chapter 1 provides novel empirical evidence suggesting that an increasing importance of on-the-job human capital accumulation is behind the declining dynamism in job turnover. The quanti...
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| Tipo de recurso: | tesis doctoral |
| Estado: | Versión publicada |
| Fecha de publicación: | 2014 |
| País: | España |
| Institución: | CBUC, CESCA |
| Repositorio: | TDR. Tesis Doctorales en Red |
| OAI Identifier: | oai:www.tdx.cat:10803/146181 |
| Acceso en línea: | http://hdl.handle.net/10803/146181 |
| Access Level: | acceso abierto |
| Palabra clave: | Labor markets Human capital Employment Unemployment Search and matching models On-the-job training Demographics Mercats de treball Capital humà Ocupació Desocupació Models de cerca i aparellament Formació al lloc de treball Demografia 33 |
| Sumario: | This thesis investigates the role of human capital in understanding recent developments in the U.S. labor market. Chapter 1 provides novel empirical evidence suggesting that an increasing importance of on-the-job human capital accumulation is behind the declining dynamism in job turnover. The quantitative results of a theoretical model show that the proposed explanation can account for almost one-third of the decline in job turnover. Chapter 2 shows that population aging and rising educational attainment are two crucial factors behind the downward trend in unemployment flows since mid-1970s. A theoretical model where older and more educated workers posses more job-specific human capital can account for the observed trends. Chapter 3 finds that more educated individuals experience lower and less volatile unemployment due to a lower hazard rate of losing a job. A theoretical model with initial on-the-job training illustrates that accumulation of match-specific human capital can explain this empirical pattern. |
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