Search Results
Title: A Test of Adverse Selection in the Market for Experienced Workers
Resulting in 1 citation.
| 1. |
Lang, Kevin Weinstein, Russell |
|
A Test of Adverse Selection in the Market for Experienced Workers NBER Working Paper No. 22387. National Bureau of Economic Research, July 2016. Also: http://nber.org/papers/w22387 Cohort(s): NLSY79 Publisher: National Bureau of Economic Research (NBER) Keyword(s): Wage Growth We show that in labor market models with adverse selection, otherwise observationally equivalent workers will experience less wage growth following a period in which they change jobs than following a period in which they do not. We find little or no evidence to support this prediction. In most specifications the coefficient has the opposite sign, sometimes statistically significantly so. When consistent with the prediction, the estimated effects are small and statistically insignificant. We consistently reject large effects in the predicted direction. We argue informally that our results are also problematic for a broader class of models of competitive labor markets. |
|
|
Bibliography Citation
Lang, Kevin and Russell Weinstein. "A Test of Adverse Selection in the Market for Experienced Workers." NBER Working Paper No. 22387. National Bureau of Economic Research, July 2016. |