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Skills for the First Job

Author

Listed:
  • Pablo Lavado

    (Universidad del Pacífico)

  • Gustavo Yamada

    (Universidad del Pacífico)

  • Ana Paula Franco

    (Universidad del Pacífico)

  • Emilia Abusada

    (Universidad del Pacífico)

Abstract

This paper develops a model which provides a characterization of the joint distribution of the duration of search, accepted wages and skills with unobserved heterogeneity based on Eckstein and Wolpin (1995). We aim to estimate the effect of cognitive and socio-emotional skills on first job wages and duration of job search. Observed and unobserved heterogeneity are exploited as sources of identification. The data is drawn from the 2010 ENHAB which has not been used for this purpose before and which contains full retrospective information on first job outcomes and children. The model is estimated through a maximization of the joint Likelihood. Preliminary results regarding wages show that socio-emotional skills are the most valued among high skilled individuals, whereas cognitive skills are the most valued among low skilled individuals. Predicted wages for type I individuals are always above the observed wage, for every schooling level. Regarding duration of first job search, results show that the socio-emotional high skilled individual receives more job offers than the cognitive high skilled with the same schooling level.

Suggested Citation

  • Pablo Lavado & Gustavo Yamada & Ana Paula Franco & Emilia Abusada, 2015. "Skills for the First Job," Working Papers 59, Peruvian Economic Association.
    • Handle: RePEc:apc:wpaper:2015-059
    as

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    References listed on IDEAS

    as
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    6. repec:idb:brikps:publication-detail,7101.html?id=32886 is not listed on IDEAS
    7. Pablo Lavado & Luciana Velarde & Gustavo Yamada, 2022. "Cognitive and socioemotional skills and wages: the role of latent abilities on the gender wage gap in Peru," Review of Economics of the Household, Springer, vol. 20(2), pages 471-496, June.
    8. Karen Macours & Norbert Schady & Renos Vakis, 2012. "Cash Transfers, Behavioral Changes, and Cognitive Development in Early Childhood: Evidence from a Randomized Experiment," American Economic Journal: Applied Economics, American Economic Association, vol. 4(2), pages 247-273, April.
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    Citations

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    Cited by:

    1. Sulca Contreras, Ronny Daniel, 2022. "Demanda de trabajadores con habilidades blandas y nivel de empleabilidad de egresados universitarios [Demand for workers with soft skills and level of employability of university graduates]," MPRA Paper 113695, University Library of Munich, Germany, revised 18 May 2022.
    2. Pablo Lavado & Nelson Oviedo & Hernán Ruffo, 2016. "Destruction of Cognitive and Noncognitive Skills in Adulthood," Working Papers 16-07, Centro de Investigación, Universidad del Pacífico.

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    More about this item

    Keywords

    Cognitive skills; socioemotional skills; first job; wages; job search;
    All these keywords.

    JEL classification:

    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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