An Intra-Firm Perspective on Wage Profiles and Employmentof Older Workers with Special Reference to Human Capitaland Deferred Compensation

Human capital and deferred compensation might explain why firms employ but do nothire older workers. Adjustments of wage-tenure profiles for older new entrants areexplored in the context of deferred compensation. From an equity theory perspective,such adjustments might lead to adverse incentive effects so that firms prefer to hirerather homogenous workers in terms of entry age.[...]

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Year of publication:	2009-02-01
Authors:	Pfeifer, Christian
Institutions:	Universität <Hannover> / Wirtschaftswissenschaftliche Fakultät
Subject:	Humankapital \| Arbeitsmarkt \| Labour Market \| Kompensation \| compensation \| Lohn

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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

Persistent link: https://www.econbiz.de/10005867317