The Covariance Structure of Earnings and Income, Compensatory Behavior and On-the-Job Investments
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Observationally alike individuals who make different choices about on-the-job investments should have earnings profiles that differ in systematic ways. In particular, investments in non-specific human capital should result in lower initial earnings but higher earnings growth rates. Human capital
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美国国家经济研究局创建时间：
1985-10-01
