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Therefore, we complete the test of hypotheses from the dynamic occupation choices model.
We show that information revealed by the occupation choices of spouses predicts marital dissolution.
It leaves as a more plausible explanation that the different knowledge represented by the spouses' current occupation choices is complementary in providing household goods.
Occupation choices reflect one's preferences over the activities performed on the job and one's comparative advantage with respect to the knowledge required.
Pursuing advanced education is endogenous in occupation choices because an advanced degree is just a means of gaining even more specialization for individuals who want to work for wages rather than becoming an entrepreneur.
The signs and magnitudes of the parameter ( {beta}_{lambda}^S,kern0.5em {beta}_{lambda}^O, ) and ( {beta}_{lambda}^E ) will show how and to what extent the unmeasured entrepreneurial human capital affects their skill investment portfolio and occupation choices.
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In Blau and Kahn's explanation of the wage gap, career decision combines two factors: industry choice (17.6percentt of the gap, they write) and occupation choice (32.9percentt).
Third, for those who already hold an advanced degree, we are interested in the role of preferences and past experience, including college major, occupation prior to graduate school, and graduate degree and field, in shaping occupation choice.
This methodology requires the use of an instrumental variable that explains occupation choice, but not wages.
As such, occupation choice may be endogenously determined, which support a 2SLS technique.10 The 2SLS estimation procedure produces results that are closely similar to the OLS.
Most intrical to this research is the creation of two flexibility indices, one regarding occupation choice and one regarding industry choice, and the varying effect of these variables as well as the aforementioned explanatory variables over time.
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CEO of Professional Science Editing for Scientists @ prosciediting.com