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- W3121379426 abstract "There is evidence that experience premium differs across industries. We propose a theoretical model for explaining these differences. We assume that labor mobility brings external knowledge to the firm, which increases its productivity. We find that industry experience premium is decreasing in the inter-firm mobility costs, while increasing in the learning-by-doing and the technological level of the industry. Moreover, it has a U-shape relationship with the level of learning-by-hiring, the substitutability between different types of experienced workers and the variety of knowledge in the industry. Results are consistent with the empirical findings that R&D-intensive industries have steeper wage profiles." @default.
- W3121379426 created "2021-02-01" @default.
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- W3121379426 date "2008-01-01" @default.
- W3121379426 modified "2023-09-27" @default.
- W3121379426 title "On the industry experience premium and labor mobility" @default.
- W3121379426 hasPublicationYear "2008" @default.
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