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Title: Occupational Choice and Returns to Skills in the United States: Evidence from the NLSY79 and O*NET
Resulting in 1 citation.
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Chaparro, Juan |
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Occupational Choice and Returns to Skills in the United States: Evidence from the NLSY79 and O*NET Presented: San Diego CA, Population Association of America Annual Meeting, April-May 2015. Also presented at the Midwest Economics Association annual meeting, March 2015. Cohort(s): NLSY79 Publisher: Population Association of America Keyword(s): Job Requirements; Occupational Choice; Occupational Information Network (O*NET); Skills; Wages Permission to reprint the abstract has not been received from the publisher. Occupational choices carry substantial information about a worker's human capital. They are informative about a worker's education, experience and skills. Workers, however, self-select into occupations. Therefore, occupational indicators are endogenous variables in any wage equation. This paper defines an occupation as a vector in a space of skill requirements, and proposes an instrumental variables approach to deal with endogeneity. I combine data from the National Longitudinal Survey of Youth, 1979 Cohort (NLSY79), with data from the Occupational Information Network (O*NET), a publicly available database sponsored by the U.S. Department of Labor. By doing so, I instrument the math requirements of a worker's occupation in 2010 with the math requirements of the worker's preferred occupation back in 1979. A similar instrument is used for language requirements. Such procedure allows me to measure the wage return to math and language skills for individuals represented by the NLSY79 sample. |
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Bibliography Citation
Chaparro, Juan. "Occupational Choice and Returns to Skills in the United States: Evidence from the NLSY79 and O*NET." Presented: San Diego CA, Population Association of America Annual Meeting, April-May 2015. Also presented at the Midwest Economics Association annual meeting, March 2015.. |