Specificity of human capital: Occupation and industry spaces based on job-to-job transitions

Using job transition data from Argentina’s Household Survey, we document the extent to which human capital is specific to occupations and activities. Based on workers’ propensity to move between occupations/industries, we build Occupation and Industry Spaces to illustrate job similarities, and we...

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Autores principales: Levy Yeyati, Eduardo, Montané, Martín
Formato: Documento de trabajo publishedVersion
Lenguaje:Inglés
Publicado: Universidad Torcuato Di Tella 2024
Materias:
Mercado laboral
Labor market
Capital humano
Human Capital
Acceso en línea:https://repositorio.utdt.edu/handle/20.500.13098/13065
Aporte de:
Repositorio Digital Universidad Torcuato Di Tella de Universidad Torcuato Di Tella
id I57-R163-20.500.13098-13065
record_format dspace
spelling I57-R163-20.500.13098-130652024-09-28T07:00:23Z Specificity of human capital: Occupation and industry spaces based on job-to-job transitions Levy Yeyati, Eduardo Montané, Martín Mercado laboral Labor market Capital humano Human Capital Using job transition data from Argentina’s Household Survey, we document the extent to which human capital is specific to occupations and activities. Based on workers’ propensity to move between occupations/industries, we build Occupation and Industry Spaces to illustrate job similarities, and we compute an occupation and industry similarity measures that, in turn, we use to explain wage transition dynamics. We show that our similarity measures influence positively post-transition wages. Inasmuch as wages capture a worker´s marginal productivity and this productivity reflects the degree to which a worker matches the job’s skill demand, our results indicate that a worker´s human capital is specific to both occupation and activity: closer occupations share similar skill demands and task composition (in other words, demand similar workers) and imply a smaller human capital loss in the event of a transition. 2024-09-27T19:57:17Z 2024-09-27T19:57:17Z 2020-04 info:eu-repo/semantics/workingPaper info:eu-repo/semantics/publishedVersion https://repositorio.utdt.edu/handle/20.500.13098/13065 eng Documento de Trabajo. Universidad Torcuato Di Tella. Escuela de Gobierno info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-sa/2.5/ar/ 29 p. application/pdf application/pdf Universidad Torcuato Di Tella Escuela de Gobierno
institution Universidad Torcuato Di Tella
institution_str I-57
repository_str R-163
collection Repositorio Digital Universidad Torcuato Di Tella
language Inglés
orig_language_str_mv eng
topic Mercado laboral
Labor market
Capital humano
Human Capital
spellingShingle Mercado laboral
Labor market
Capital humano
Human Capital
Levy Yeyati, Eduardo
Montané, Martín
Specificity of human capital: Occupation and industry spaces based on job-to-job transitions
topic_facet Mercado laboral
Labor market
Capital humano
Human Capital
description Using job transition data from Argentina’s Household Survey, we document the extent to which human capital is specific to occupations and activities. Based on workers’ propensity to move between occupations/industries, we build Occupation and Industry Spaces to illustrate job similarities, and we compute an occupation and industry similarity measures that, in turn, we use to explain wage transition dynamics. We show that our similarity measures influence positively post-transition wages. Inasmuch as wages capture a worker´s marginal productivity and this productivity reflects the degree to which a worker matches the job’s skill demand, our results indicate that a worker´s human capital is specific to both occupation and activity: closer occupations share similar skill demands and task composition (in other words, demand similar workers) and imply a smaller human capital loss in the event of a transition.
format Documento de trabajo
publishedVersion
author Levy Yeyati, Eduardo
Montané, Martín
author_facet Levy Yeyati, Eduardo
Montané, Martín
author_sort Levy Yeyati, Eduardo
title Specificity of human capital: Occupation and industry spaces based on job-to-job transitions
title_short Specificity of human capital: Occupation and industry spaces based on job-to-job transitions
title_full Specificity of human capital: Occupation and industry spaces based on job-to-job transitions
title_fullStr Specificity of human capital: Occupation and industry spaces based on job-to-job transitions
title_full_unstemmed Specificity of human capital: Occupation and industry spaces based on job-to-job transitions
title_sort specificity of human capital: occupation and industry spaces based on job-to-job transitions
publisher Universidad Torcuato Di Tella
publishDate 2024
url https://repositorio.utdt.edu/handle/20.500.13098/13065
work_keys_str_mv AT levyyeyatieduardo specificityofhumancapitaloccupationandindustryspacesbasedonjobtojobtransitions
AT montanemartin specificityofhumancapitaloccupationandindustryspacesbasedonjobtojobtransitions
_version_ 1823894469592743936

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