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Abraham, J. (1981). Earnings Growth Without Investment. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-81-056
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Abstract
Estimation of individual and social rates of return is typically done using the labor supply model of human capital theory. Traditionally, concave age-earnings profiles are found. This paper points out that employer hiring practices, instituted because of imperfect information of worker productivity, will generate concave earnings profiles. The implied identification problem for empirical estimation is discussed.
| Item Type: | Monograph (IIASA Working Paper) |
|---|---|
| Research Programs: | Human Settlements and Services Area (HSS) Young Scientists Summer Program (YSSP) |
| Depositing User: | IIASA Import |
| Date Deposited: | 15 Jan 2016 01:50 |
| Last Modified: | 27 Aug 2021 17:10 |
| URI: | https://pure.iiasa.ac.at/1705 |
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