Occupational and Industry Specificity of Human Capital in the British Labour Market

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Abstract

This paper builds on the recent literature on the importance of occupational and industry experience on wages and extends Kambourov and Manovskii's (2002) study using British data. Occupational experience is estimated to make a significant contribution to wage growth, while the evidence on industry specificity is not very supportive. The second contribution of the paper is that it assesses whether there is heterogeneity in the estimated returns to work experience across one-digit industries and occupations. The findings suggest that industry and occupational experience is important for individuals in professional and managerial jobs or jobs in the banking and finance sector.

Original languageEnglish
Pages (from-to)420-443
Number of pages23
JournalScottish Journal of Political Economy
Volume55
Issue number4
Early online date28 Jul 2008
DOIs
Publication statusPublished - Sep 2008

Keywords

  • displaced workers
  • job displacement
  • earnings
  • wages
  • firm

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