Arbeit, Branchen und Wirtschaftszweige

Matching Skills of Individuals and Firms along the Career Path

14.07.2015 | HWWI Research Paper | von Elisabeth Bublitz
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Switching firms can be a costly investment for workers if much of their current knowledge is no longer applicable in the new job. This research paper presents evidence how moving to occupationally specialized firms can compensate workers for wage losses which are caused by so-called specific human capital. When switches occur between firms that are very distant from each other in terms of their knowledge structure, occupationally specialized firms are prepared to pay a wage premium that can outweigh the costs of such long distance switches.

Vox column - Dr. Elisabeth Bublitz 


Dr. Elisabeth Bublitz