• 1. Introduction
  • 2. Previous Empirical Evidence
  • 2.1 Wage-Seniority Profiles
  • 2.2 Hiring of Older Workers
  • 3. Theory
  • 3.1 Human Capital
  • 3.2 Deferred Compensation
  • 4. Data and Descriptive Statistics
  • 5. Econometric Results
  • 5.1 Computation of Real Wages
  • 5.2 Entry Wages and Entry Age
  • 5.3 Wage-Tenure Profiles and Entry Age
  • 6. Gender Perspective
  • 7. Conclusion
  • References