Lifetime Earnings in a Professional Labor Market: Academic Economists

1974 ◽  
Vol 82 (3) ◽  
pp. 549-569 ◽  
Author(s):  
George E. Johnson ◽  
Frank P. Stafford

2019 ◽  
Vol 109 (12) ◽  
pp. 4260-4301 ◽  
Author(s):  
Sharon Traiberman

I argue that the winners and losers from trade are decided primarily by occupation. In addition to fixed adjustment costs, workers build up specific human capital over time that is destroyed when they must change occupations. I show that ignoring human capital biases estimates of adjustment costs upward by a factor of 3. Estimating an occupational choice model of the Danish labor market, I show that 57 percent of the dispersion in worker outcomes is accounted for by occupations, and only 16 percent by sectors. Finally, the model suggests that rising import competition from 1995–2005 reduced lifetime earnings for 5 percent of workers. (JEL F14, F16, J24, J31)



1978 ◽  
Vol 33 (11) ◽  
pp. 990-999 ◽  
Author(s):  
Lewis C. Solmon
Keyword(s):  


1982 ◽  
Vol 27 (5) ◽  
pp. 368-368
Author(s):  
Lois F. Copperman ◽  
Donna Stuteville
Keyword(s):  








2004 ◽  
pp. 76-94 ◽  
Author(s):  
V. Gimpelson

The article discusses the issue of shortage of skills in the Russian industry. Using microdata from a survey of industrial enterprises, the author confirms that most of employers complain of difficulties in hiring and attaching skilled workers. In case of mass occupations, this shortage relates mostly to low efficient enterprises, which are unable or unwilling to pay competitive market going wage. More efficient and better paying firms are less likely to face shortage of general skills on the labor market but may face limited supply of specific skills.



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