Publications by Marko Tervio
Career-Hopping: Learning and Turnover in an Imperfect Labor Market
March 1, 2006 • Working Papers • By Marko Tervio
Abstract This paper studies a two-sector model of learning-by-doing that is partially transferable between sectors. There is a potential efficiency gain from intersectoral turnover when the sectors have different complementary…
Overworked and Overpaid: The Costs of Learning by Doing
April 1, 2005 • Working Papers • By Marko Tervio
Abstract In medicine, law, consulting, and many other careers, a significant proportion of human capital is created through profession-specific learning-by-doing (LBD). In the absence of long-term wage contracts, if LBD…
November 1, 2003 • Working Papers • By Marko Tervio
Abstract A model of a labor market is proposed where the level of individual talent can only be learned on the job and where job positions are scarce. Inability to…