Measuring human capital in the labor market: The supply of experience in 8 OECD countries - Sciences Po Access content directly
Journal Articles European Economic Review Year : 2001

Measuring human capital in the labor market: The supply of experience in 8 OECD countries

Etienne Wasmer

Abstract

To investigate the evolution of the supply side of the labor market, I derive a methodology to measure an important component of the human capital level of the workforce, the experience of the labor market. Based on the perpetual inventory method, a stock of experience is estimated for eight OECD countries. It appears that, during the last three decades, the OECD labor markets have faced a decline in the supply of experience by the labor market participants, with a minimum in the early 1980s for most countries and a recovery in the 1990s. Some implications regarding relative wages, relative unemployment and schooling are discussed.

Dates and versions

hal-03588636 , version 1 (25-02-2022)

Identifiers

Cite

Etienne Wasmer. Measuring human capital in the labor market: The supply of experience in 8 OECD countries. European Economic Review, 2001, 45 (4-6), pp.861 - 874. ⟨10.1016/S0014-2921(01)00113-1⟩. ⟨hal-03588636⟩
9 View
0 Download

Altmetric

Share

Gmail Facebook X LinkedIn More