Tasks and heterogeneous human capital
S Yamaguchi - Journal of Labor Economics, 2012 - journals.uchicago.edu
Journal of Labor Economics, 2012•journals.uchicago.edu
This article proposes a new approach to modeling heterogeneous human capital using task
data from the Dictionary of Occupational Titles. The key feature of the model is that it departs
from the Roy model, which treats occupations as distinct categories and conceives of
occupations as bundles of tasks. The advantages of this approach are that it can
accommodate many occupations without computational burden and provide a clear
interpretation as to how and why skills are differently rewarded across occupations. The …
data from the Dictionary of Occupational Titles. The key feature of the model is that it departs
from the Roy model, which treats occupations as distinct categories and conceives of
occupations as bundles of tasks. The advantages of this approach are that it can
accommodate many occupations without computational burden and provide a clear
interpretation as to how and why skills are differently rewarded across occupations. The …
This article proposes a new approach to modeling heterogeneous human capital using task data from the Dictionary of Occupational Titles. The key feature of the model is that it departs from the Roy model, which treats occupations as distinct categories and conceives of occupations as bundles of tasks. The advantages of this approach are that it can accommodate many occupations without computational burden and provide a clear interpretation as to how and why skills are differently rewarded across occupations. The model is structurally estimated by the Kalman filter using the National Longitudinal Survey of Youth 1979.
The University of Chicago Press