Enriching a Theory of Wage and Promotion Dynamics inside Firms
扩展了整合工作分配、人力资本积累和学习的模型，加入学校教育并引入任务特定人力资本以解释工资和晋升的队列效应，适合关注企业内部劳动力市场动态的研究者。
In previous work, we showed that a model that integrates job assignment, human capital acquisition, and learning can explain several empirical findings concerning wage and promotion dynamics inside firms. In this article, we extend that model in two ways. First, we incorporate schooling and derive further testable implications that we then compare with the available empirical evidence. Second, and more important, we show that introducing "task-specific" human capital allows us to produce cohort effects. We further argue that task-specific human capital is a realistic concept and may have many important implications. We also discuss limitations of our (extended) approach.