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policies in China. We find that again consistent with the agency view, earnings-tenure profiles are considerably steeper for … in accounting for upward-sloping earnings-tenure profiles; our findings strongly support the agency view. Our second area … find that earnings-tenure profiles for employee owners are not upward-sloping but horizontal. In addition we find that pay-performance …
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We provide empirical support for the contention that within-job wage growth relates purely to job-specific performance … and that returns to general experience are assessed at the point of job change. Using the British New Earnings Survey …
Persistent link: https://www.econbiz.de/10010262277
We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...
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increase in the variability of transitory earnings. …
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According to the aims of the labour market reforms of the 90s implemented in many European countries, workers may stay at their first job for a shorter time, but should be able to switch jobs easily. This would generate a trade-off between job opportunities and job stability. This paper...
Persistent link: https://www.econbiz.de/10010269568