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Occupational specificity: a new measurement based on training curricula and its effect on labor market outcomes


Eggenberger, Christian; Rinawi, Miriam; Backes-Gellner, Uschi (2018). Occupational specificity: a new measurement based on training curricula and its effect on labor market outcomes. Labour Economics, 51:97-107.

Abstract

This paper proposes a new measurement for the specificity of occupations based on a content analysis of training curricula that we link to labor market demands. We apply Lazear's (2009) skill weights approach and test predictions on labor market outcomes derived from his theory. We find clear evidence of a trade-off between earning higher returns with more specific training and higher occupational mobility with less specific training. Our measure improves the micro-foundation of human capital specificity and provides an evidence-based approach to evaluate the specificity of training curricula.

Abstract

This paper proposes a new measurement for the specificity of occupations based on a content analysis of training curricula that we link to labor market demands. We apply Lazear's (2009) skill weights approach and test predictions on labor market outcomes derived from his theory. We find clear evidence of a trade-off between earning higher returns with more specific training and higher occupational mobility with less specific training. Our measure improves the micro-foundation of human capital specificity and provides an evidence-based approach to evaluate the specificity of training curricula.

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Additional indexing

Item Type:Journal Article, not_refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Date:2018
Deposited On:19 Mar 2018 20:07
Last Modified:20 Sep 2018 04:30
Publisher:Elsevier
ISSN:0927-5371
OA Status:Closed
Publisher DOI:https://doi.org/10.1016/j.labeco.2017.11.010
Related URLs:https://www.zora.uzh.ch/id/eprint/152804/
Other Identification Number:merlin-id:16252

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