OCCUPATIONAL AND INDUSTRY SPECIFICITY OF HUMAN CAPITAL IN THE BRITISH LABOUR MARKET

Alexandros Zangelidis

73 citations0/0 files storedScottish Journal of Political Economy

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Labor market dynamics and wage inequality Retirement, Disability, and Employment Education and Labor Relations

Abstract

ABSTRACT This paper builds on the recent literature on the importance of occupational and industry experience on wages and extends Kambourov and Manovskii's (2002) study using British data. Occupational experience is estimated to make a significant contribution to wage growth, while the evidence on industry specificity is not very supportive. The second contribution of the paper is that it assesses whether there is heterogeneity in the estimated returns to work experience across one‐digit industries and occupations. The findings suggest that industry and occupational experience is important for individuals in professional and managerial jobs or jobs in the banking and finance sector.

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References

1995Industry-Specific Human Capital: Evidence from Displaced Workers 2009OCCUPATIONAL SPECIFICITY OF HUMAN CAPITAL*1985Do Wages Rise With Job Seniority?1987Do Wages Rise with Job Seniority?2000Industry‐Specific Capital and the Wage Profile: Evidence from the National Longitudinal Survey of Youth and the Panel Study of Income Dynamics 1989Job Displacement, Relative Wage Changes, and Duration of Unemployment 1987Job Displacement and Earnings Loss: Evidence from the Displaced Worker Survey 2009Empirical evidence on occupation and industry specific human capital

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