Assortative learning

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• dc.contributor.author Eeckhout, Jan
• dc.contributor.author Weng, Xi
• dc.date.accessioned 2023-07-26T07:15:39Z
• dc.date.available 2023-07-26T07:15:39Z
• dc.date.issued 2022
• dc.description.abstract Because of sorting, more skilled workers are more productive in higher-type firms. They also learn at different rates about their productivity and therefore expect different wage paths across firms. We show that under strict supermodularity, there is always positive assortative matching: differential learning is always dominated by the impact of productivity. Surprisingly, this holds even if learning is faster in the low-type firm. The key assumption driving this result is that this is a pure Bayesian learning model. The model provides realistic predictions about wage variance, turnover and the wage distribution that are in line with recent work that estimates the value of learning from co-workers.
• dc.description.sponsorship Eeckhout acknowledges support by the ERC (Grant no. 208068). Weng acknowledges support by the National Natural Science Foundation of China (Grant nos 71973002 and 72192843).
• dc.format.mimetype application/pdf
• dc.identifier.citation Eeckhout J, Weng X. Assortative learning. Economica. 2022;89(335):647-88. DOI: 10.1111/ecca.12414
• dc.identifier.doi http://dx.doi.org/10.1111/ecca.12414
• dc.identifier.issn 0013-0427
• dc.identifier.uri http://hdl.handle.net/10230/57674
• dc.language.iso eng
• dc.publisher Wiley
• dc.relation.ispartof Economica. 2022;89(335):647-88.
• dc.relation.projectID info:eu-repo/grantAgreement/EC/FP7/208068
• dc.rights © 2022 The Authors. Economica published by John Wiley & Sons Ltd on behalf of London School of Economics and Political Science. This is an open access article under the terms of the Creative Commons Attribution License, which permits use, distribution and reproduction in any medium, provided the original work is properly cited.
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by/4.0/
• dc.subject.other Estadística bayesiana
• dc.subject.other Productivitat laboral
• dc.title Assortative learning
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/publishedVersion