Ben-Porath meets Lazear. Lifetime skill investment and occupation choice with multiple skills.

Autor/inn/en	Cavounidis, Costas; Lang, Kevin
Institution	National Bureau of Economic Research
Titel	Ben-Porath meets Lazear. Lifetime skill investment and occupation choice with multiple skills. Gefälligkeitsübersetzung: Ben-Porath trifft Lazear. Bildungsinvestitionen im Lebenslauf und Wahl eines Berufes mit vielfältigen Kompetenzen.
Quelle	Cambridge, Mass. (2017), 36 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper. 23367
Sprache	englisch
Dokumenttyp	online; Monographie
DOI	10.3386/w23367
Schlagwörter	Bildung; Investition; Arbeitsplatzwahl; Arbeitsplatzwechsel; Berufliche Spezialisierung; Berufswechsel; Qualifikationsanforderung; Qualifikationsverwertung; Berufswahl; Doppelqualifikation; Betriebliche Weiterbildung; Dequalifizierung
Abstract	"We develop a fairly general and tractable model of investment when workers can invest in multiple skills and different jobs put different weights on those skills. In addition to expected findings such as that younger workers are more likely than older workers to respond to a demand shock by investing in skills whose value unexpectedly increases, we derive some less obvious results. Credit constraints may affect investment even when they do not bind it equilibrium. If there are mobility costs, firms will generally have an incentive to invest in some of their workers' skills even when there are a large number of similar competitors, and, in equilibrium, there can be overinvestment in all skills. Worker skill accumulation resembles learning by doing even in its absence. We demonstrate how the model can be simulated to show the effect of a shock to the price of individual skills." (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2017/4