Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative.
This article investigates the hypothesis that when measures of specific human capital (such as job tenure) are included in earnings functions, there may be a sample selection bias because of job-matching effects--because workers with high unobserved match quality receive and accept high wage offers....
| Main Author: | |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
2003
|
| _version_ | 1826270448492478464 |
|---|---|
| author | Stevens, M |
| author_facet | Stevens, M |
| author_sort | Stevens, M |
| collection | OXFORD |
| description | This article investigates the hypothesis that when measures of specific human capital (such as job tenure) are included in earnings functions, there may be a sample selection bias because of job-matching effects--because workers with high unobserved match quality receive and accept high wage offers. We develop a model for wage offers in a labor market characterized by both specific human capital and job matching. The model provides a theoretical basis for empirical earnings functions containing specific capital, and it demonstrates that sample selection bias reduces the estimated return to specific human capital and tenure. |
| first_indexed | 2024-03-06T21:40:59Z |
| format | Journal article |
| id | oxford-uuid:47ea8141-2cd5-4f7a-8e0a-9b13b408039d |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-06T21:40:59Z |
| publishDate | 2003 |
| record_format | dspace |
| spelling | oxford-uuid:47ea8141-2cd5-4f7a-8e0a-9b13b408039d2022-03-26T15:22:47ZEarnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative.Journal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:47ea8141-2cd5-4f7a-8e0a-9b13b408039dEnglishDepartment of Economics - ePrints2003Stevens, MThis article investigates the hypothesis that when measures of specific human capital (such as job tenure) are included in earnings functions, there may be a sample selection bias because of job-matching effects--because workers with high unobserved match quality receive and accept high wage offers. We develop a model for wage offers in a labor market characterized by both specific human capital and job matching. The model provides a theoretical basis for empirical earnings functions containing specific capital, and it demonstrates that sample selection bias reduces the estimated return to specific human capital and tenure. |
| spellingShingle | Stevens, M Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative. |
| title | Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative. |
| title_full | Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative. |
| title_fullStr | Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative. |
| title_full_unstemmed | Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative. |
| title_short | Earnings Functions, Specific Human Capital, and Job Matching: Tenure Bias Is Negative. |
| title_sort | earnings functions specific human capital and job matching tenure bias is negative |
| work_keys_str_mv | AT stevensm earningsfunctionsspecifichumancapitalandjobmatchingtenurebiasisnegative |