Wage-tenure profiles in contractual labor markets
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Wage-tenure profiles in contractual labor markets

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Published by Rand Corp. in Santa Monica, Calif .
Written in English


  • Employment (Economic theory)

Book details:

Edition Notes

Bibliography: p. 25-26.

Statementby Hong W. Tan.
SeriesThe Rand paper series -- P-6676
The Physical Object
Pagination26 p. :
Number of Pages26
ID Numbers
Open LibraryOL16495546M

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The Dutch labour market is characterized by low job mobility and high average duration of unemployment for older jobseekers. This study investigates the role of wage-tenure profiles in explaining. Equilibrium Wage-Tenure Contracts the import of adverse selection in a modern model of directed search in labor markets. Competition in this market drives firms to offer contracts that. The nature of employees' contractual claims is shaped by top managers' efforts to measure the marginal contribution of each employee and to wage–tenure profiles are steeper than productivity–tenure profiles (Medoff and Abraham there is much less evidence on whether wage rigidity is an important feature of real world labor markets. Downloadable! In this study, we investigate the anatomy of older workers’ wages. The central question is whether the wage cushion—i.e., the difference between actual wages and collectively agreed-upon (maximum) contractual wages—contributes to the fact that wages continue increasing at older ages. We follow the wages of individual workers in twenty-two sectors of industry.

Downloadable! We exploit time variation in the degree of development of local credit markets and matched workers-firm data with workers histories to assess the role of the firm as an internal loans market. By tilting the workers wage-tenure profile around their tenure-productivity profile, the firm can generate borrowing flows from workers to the firm (when the earnings profile is steeper than. Consistent with implicit contracts, wage–tenure profiles are steeper than productivity–tenure profiles (Medoff and Abraham, ; Lazear and Moore, ). Salop and Salop () argue that these results might also reflect a selection mechanism at work. If prospective employees know their productivity, but firms initially do not, high. Econometrics, Vol. 70, No. 6 (November, ), EQUILIBRIUM WAGE DISPERSION WITH WORKER AND EMPLOYER HETEROGENEITY. We construct and estimate an equilibrium search model with on-the-job-search. During the crisis, the extended use of short-time labor subsidies that prevent jobs from being destroyed is likely to have prevented strong increases in unemployment. Two-tier labour markets in the great recession: France versus Spain / Samuel Bentolila // Economic .

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