Tasks and Heterogeneous Human Capital

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In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layo¤s than for plant closings, which was borne out by data from the Displaced Workers Survey (DWS). In this paper, we take advantage of many more years of DWS data to examine how the di¤e...

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ژورنال

عنوان ژورنال: Journal of Labor Economics

سال: 2012

ISSN: 0734-306X,1537-5307

DOI: 10.1086/662066