Worker turnover and job matching--Implications for estimating the returns to tenure

This paper replicates Medoff and Abraham's [Medoff, J. and Abraham, K., 1980. Experience, performance, and earnings. Quarterly Journal of Economics 95, 703-736.] results where the introduction of performance ratings into an earnings equation doesn't reduce the coefficient on tenure. M&A interpret this as being worrying for Human Capital Theory. We offer an interpretation where it isn't.

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Year of publication:	2008
Authors:	Barmby, Tim ; Eberth, Barbara
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 101.2008, 2, p. 137-139
Publisher:	Elsevier
Keywords:	Specific human capital Job matching Productivity

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005307431