Tenure and experience effects on wages: a theory
This paper investigates equilibria in a labor market where firms post wage/tenure contracts and risk-averse workers, both employed and unemployed, search for better paid job opportunities. Different firms typically offer different contracts. Workers accumulate general human capital through learning-...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Munich
CESifo
2010
|
| Series: | CESifo working papers
3203 : Category 4, Labour markets |
| Online Access: | Volltext |
| Summary: | This paper investigates equilibria in a labor market where firms post wage/tenure contracts and risk-averse workers, both employed and unemployed, search for better paid job opportunities. Different firms typically offer different contracts. Workers accumulate general human capital through learning-by-doing. With on-the-job search, a worker’s wage evolves endogenously over time through experience effects, tenure effects and quits to better paid employment. This equilibrium approach suggests how to identify econometrically between experience and tenure effects on worker wages. |
| Item Description: | Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben |
| Physical Description: | 33 S. graph. Darst. |
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| author | Burdett, Ken Coles, Melvyn Glyn 1961- |
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| id | DE-604.BV036807047 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:48:40Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020723116 |
| oclc_num | 688620508 |
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| physical | 33 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | CESifo |
| record_format | marc |
| series | CESifo working papers |
| series2 | CESifo working papers |
| spelling | Burdett, Ken Verfasser aut Tenure and experience effects on wages a theory Ken Burdett ; Melvyn Coles Munich CESifo 2010 33 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier CESifo working papers 3203 : Category 4, Labour markets Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben This paper investigates equilibria in a labor market where firms post wage/tenure contracts and risk-averse workers, both employed and unemployed, search for better paid job opportunities. Different firms typically offer different contracts. Workers accumulate general human capital through learning-by-doing. With on-the-job search, a worker’s wage evolves endogenously over time through experience effects, tenure effects and quits to better paid employment. This equilibrium approach suggests how to identify econometrically between experience and tenure effects on worker wages. Coles, Melvyn Glyn 1961- Verfasser (DE-588)130436216 aut CESifo working papers 3203 : Category 4, Labour markets (DE-604)BV013978326 3203 http://www.cesifo-group.de/portal/pls/portal/docs/1/1185204.PDF Verlag kostenfrei Volltext |
| spellingShingle | Burdett, Ken Coles, Melvyn Glyn 1961- Tenure and experience effects on wages a theory CESifo working papers |
| title | Tenure and experience effects on wages a theory |
| title_auth | Tenure and experience effects on wages a theory |
| title_exact_search | Tenure and experience effects on wages a theory |
| title_full | Tenure and experience effects on wages a theory Ken Burdett ; Melvyn Coles |
| title_fullStr | Tenure and experience effects on wages a theory Ken Burdett ; Melvyn Coles |
| title_full_unstemmed | Tenure and experience effects on wages a theory Ken Burdett ; Melvyn Coles |
| title_short | Tenure and experience effects on wages |
| title_sort | tenure and experience effects on wages a theory |
| title_sub | a theory |
| url | http://www.cesifo-group.de/portal/pls/portal/docs/1/1185204.PDF |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT burdettken tenureandexperienceeffectsonwagesatheory AT colesmelvynglyn tenureandexperienceeffectsonwagesatheory |