Full Citation

Title: Essays on human capital and labor market dynamics

Citation Type: Dissertation/Thesis

Publication Year: 2014

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: 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.

Url: https://www.tdx.cat/handle/10803/146181#page=1

User Submitted?: No

Authors: Van Rens, Thijs

Institution: Universitat Pompeu Fabra

Department: Economics

Advisor:

Degree:

Publisher Location:

Pages: 171

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

Countries: United States