LEARNING AND LIFE CYCLE PATTERNS OF OCCUPATIONAL TRANSITIONS
研究工人一生中频繁的职业转换，发现初始特征可预测转换模式；构建定量模型匹配生命周期模式，并量化职业流动和学习对平均18岁工人的价值。
Abstract Individuals experience frequent occupational switches during their lifetime, and initial worker characteristics are predictive of future patterns of occupational switching. We construct a quantitative model of occupational choices with worker learning and occupation‐specific productivity shocks to match life cycle patterns of occupational transitions and quantify the value of occupational mobility and learning. For the average 18‐year‐old worker, the value of being able to switch occupations is about 67 months of the maximum wage he or she could earn in the model, and the value of a worker learning his or her type is about 32 months of this maximum wage.