HUMAN CAPITAL ACCUMULATION AND LABOR MARKET EQUILIBRIUM*
研究在职搜寻和经验效应如何影响劳动力市场均衡，推导出包含工人和企业固定效应的明瑟工资方程，发现均衡分类显著加剧工资不平等。
We analyze an equilibrium labor market with on-the-job search and experience effects (as workers learn by doing). The analysis yields a Mincer wage equation with worker fixed effects and endogenously determined firm fixed effects. Equilibrium sorting-where over time more experienced workers also tend to move to better paid employment-has a significant impact on wage inequality. © (2011) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.