Wages and Job Mobility of Young Workers
基于Jovanovic的工人-企业匹配模型，利用离散时间版本分析年轻工人工资的时间结构，发现未观测到的异质性很重要，并开发结构模型检验匹配理论，强调研究年轻工人需同时考虑流动和工资增长。
This paper presents a discrete-time version of Jovanovic's model of worker-firm matching. Descriptive evidence is presented that supports the notion that unobserved worker-firm heterogeneity is an important component in the intertemporal structure of wages for young workers. A structural econometric model of wage dynamics under worker-firm sorting is developed and estimated. Finally, a formal test of the matching model is carried out, and the matching structure on intertemporal covariances of wages is not rejected. My results indicate the necessity of jointly considering processes of turnover and wage growth when analyzing the labor market experiences of young workers.