The career decisions of young men
The career decisions of young men
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DOI：
10.1086/262080
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发表时间：
1997-06-01
影响因子：
8.2
通讯作者：
Wolpin, KI
中科院分区：
文献类型：
--
作者：
Keane, MP;Wolpin, KI
本文基于对1979年全国劳动力市场经验纵向调查（NLSY）青年队列中年轻男性样本的2年观察，对学校教育、工作和职业选择决策的动态模型进行了结构估计。我们采用的结构估计框架充分施加了理论的限制，并允许调查这种理论上受限制的模型是否能够成功地定量拟合观察到的数据模式。我们发现，一个适当扩展的人力资本投资模型实际上可以很好地拟合年轻男性在NLSY数据中关于上学、工作、职业选择和工资的观察数据，并对未来的工作决策和工资模式做出合理的预测。
This paper provides structural estimates of a dynamic model of schooling, work, and occupational choice decisions based on II years of observations on a sample of young men from the 1979 youth cohort of the National Longitudinal Surveys of Labor Market Experience (NLSY). The structural estimation framework that we adopt fully imposes the restrictions of the theory and permits an investigation of whether such a theoretically restricted model can succeed in quantitatively fitting the observed data patterns. We find that a suitably extended human capital investment model can in fact do an excellent job of fitting observed data on school attendance, work, occupational choices, and wages in the NLSY data on young men and also produces reasonable forecasts of future work decisions and wage patterns.