@article{72735bffb91b44b3916b4a5bac8bc967,
title = "Employer learning, job changes, and wage dynamics",
abstract = "This paper takes a new approach to testing whether employer learning is public or private. We show that public and private learning schemes make two distinct predictions about the curvature of the wage growth path when a worker changes jobs, because less information about the worker's productivity is transferred to a new employer in the private learning case than in the public learning case. This prediction enables us to account for individual and job-match heterogeneity, which was not possible in previous tests. Using the National Longitudinal Survey of Youth 1979, we find that employer learning is public for high-school graduates and private for college graduates.",
keywords = "employer learning, labor market information, wage dynamics",
author = "Seik Kim and Emiko Usui",
note = "Funding Information: The authors thank Dan Black, Donna Ginther, Hidehiko Ichimura, Edward Lazear, Yuki Onozuka, Josh Pinkston, Dan Sasaki, Michael Waldman, and participants at the annual meetings of the American Economic Association, the Applied Microeconomics/Econometrics Conference, the European Association of Labor Economists, the Society of Economic Dynamics, the Society of Labor Economists, the Swiss Society of Economics and Statistics, and the Western Economic Association International Conference; as well as seminar participants at the Bank of Korea, Korea Development Institute, Hitotsubashi University, Okayama University, and the University of Tokyo. We thank Josh Pinkston and Audrey Light for sharing their codes for constructing the experience and tenure variables. All remaining errors are the authors{\textquoteright} responsibility. Publisher Copyright: {\textcopyright} 2021 The Authors. Economic Inquiry published by Wiley Periodicals LLC on behalf of Western Economic Association International.",
year = "2021",
month = jul,
doi = "10.1111/ecin.12980",
language = "English",
volume = "59",
pages = "1286--1307",
journal = "Economic Inquiry",
issn = "0095-2583",
publisher = "Wiley-Blackwell",
number = "3",
}