Wage Dynamics, Turnover, and Human Capital: Evidence from Adolescent Transition from School to Work in the Philippines

28 Pages Posted: 20 Apr 2016

See all articles by Futoshi Yamauchi

Futoshi Yamauchi

A member of the CGIAR Consortium - International Food Policy Research Institute (IFPRI)

Date Written: January 1, 2015

Abstract

This paper examines wage dynamics and turnover using tracking data of adolescents from the Philippines. The analysis uses individual test scores in grade 6 to proxy abilities. The empirical results show that (i) returns to labor market experience are large, nearly a half of the conventional estimate of returns to schooling; (ii) returns to experience are higher if educational attainment and/or test scores are higher; and (iii) ability, measured by test scores, positively influences the upgrading of occupations toward more skilled categories, although educational attainment plays an important role in determining the first occupation. The complementarity between schooling and experience is greater among good performers who show high test scores; education and ability augment gains from accumulating labor market experiences.

Keywords: Rural Labor Markets, Educational Populations, Education For All, Education for Development (superceded), Economics of Education, Labor Markets

Suggested Citation

Yamauchi, Futoshi, Wage Dynamics, Turnover, and Human Capital: Evidence from Adolescent Transition from School to Work in the Philippines (January 1, 2015). World Bank Policy Research Working Paper No. 7184, Available at SSRN: https://ssrn.com/abstract=2579883

Futoshi Yamauchi (Contact Author)

A member of the CGIAR Consortium - International Food Policy Research Institute (IFPRI) ( email )

1201 Eye St, NW,
Washington, DC 20005
United States

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