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- W3124005350 abstract "Does a worker's job affect her long-run career? Do any such first job vary across workers of different types? If so, can policy improve upon a free labor market by altering initial matches with employers? We begin to study the impact of market design on the performance of entry-level labor markets, by comparing 20 years when Norway assigned doctors to their job---residencies---through a Random Serial Dictatorship, with the post-2013 era when the RSD mechanism was replaced with decentralized job-finding. We estimate the consequences for long-run earnings of different employers for male and female workers. We do so by exploiting RSD-generated random, individual level variation in workers' initial choice set over employers. We then decompose preferences over employers into a component that is due to job effects and another that is due to the value workers of a given type associate with employers of a given type. Finally, we show how realized job effects, amenity values, and overall worker welfare differ, for each group and in total, in a decentralized labor market compared to a randomized-choice-sets system, by describing how worker-employer matches changed after 2013." @default.
- W3124005350 created "2021-02-01" @default.
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- W3124005350 date "2021-01-12" @default.
- W3124005350 modified "2023-09-23" @default.
- W3124005350 title "Pure-Chance Jobs vs. A Labor Market: The Impact on Careers of a Random Serial Dictatorship for First Job Seekers" @default.
- W3124005350 hasPublicationYear "2021" @default.
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