TY - JOUR
T1 - Multidimensional skills, sorting, and human capital accumulation
AU - Lise, Jeremy
AU - Postel-Vinay, Fabien
N1 - Publisher Copyright:
© 2020 American Economic Association. All rights reserved.
PY - 2020/8
Y1 - 2020/8
N2 - We construct a structural model of on-the-job search in which workers differ in skills along several dimensions and sort themselves into jobs with heterogeneous skill requirements along those same dimensions. Skills are accumulated when used, and depreciate when not used. We estimate the model combining data from O*NET with the NLSY79. We use the model to shed light on the origins and costs of mismatch along heterogeneous skill dimensions. We highlight the deficiencies of relying on a unidimensional model of skill when decomposing the sources of variation in the value of lifetime output between initial conditions and career shocks.
AB - We construct a structural model of on-the-job search in which workers differ in skills along several dimensions and sort themselves into jobs with heterogeneous skill requirements along those same dimensions. Skills are accumulated when used, and depreciate when not used. We estimate the model combining data from O*NET with the NLSY79. We use the model to shed light on the origins and costs of mismatch along heterogeneous skill dimensions. We highlight the deficiencies of relying on a unidimensional model of skill when decomposing the sources of variation in the value of lifetime output between initial conditions and career shocks.
UR - http://www.scopus.com/inward/record.url?scp=85091904871&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85091904871&partnerID=8YFLogxK
U2 - 10.1257/AER.20162002
DO - 10.1257/AER.20162002
M3 - Article
AN - SCOPUS:85091904871
SN - 0002-8282
VL - 110
SP - 2328
EP - 2376
JO - American Economic Review
JF - American Economic Review
IS - 8
ER -