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• W2005483919 abstract "I study a vintage-human-capital model in which long-lived workers accumulate human capital following an exogenous learning curve. Different skill levels inside a vintage are complementary in production; this makes the ex ante homogeneous workers enter different vintages. The continuous-time framework allows me to study the timing decision for the technology phase-out differentially and to derive sharp characterization for wages and the distribution of workers in the dying technology. I show how to posit and solve a planner's problem and construct equilibrium in this way. Consistent with empirical evidence, I show that the experience premium is always positive but diminishes as a technology ages. The connection between workers' learning curves and the technology's progress curve is characterized." @default.
• W2005483919 created "2016-06-24" @default.
• W2005483919 creator A5062560751 @default.
• W2005483919 date "2014-03-01" @default.
• W2005483919 modified "2023-09-26" @default.
• W2005483919 title "Vintage human capital and learning curves" @default.
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• W2005483919 doi "https://doi.org/10.1016/j.jedc.2014.01.003" @default.
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