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Career mobility theory suggests that given a certain occupation, schooling improves upward mobility in terms of … promotion and wage growth. We are the first to test the implications of this theory for over- and under-education by means of …. Altogether, these findings strongly support the career mobility theory. Furthermore, by differentiating between internal and …
Persistent link: https://www.econbiz.de/10012929528
When a worker is raided, his initial employer is often better informed about his quality than the raiders. If the worker has career concerns and matching influence productivity, the initial employer can strategically disclose this information to influence incentives and matching efficiency. If...
Persistent link: https://www.econbiz.de/10012731679
heterogeneous. In this second case, managers are efficiently assigned to firms, but equilibrium pay reflects the profitability of …
Persistent link: https://www.econbiz.de/10012707360
Denmark's registry data provide accurate and complete career history data along with detailed personal characteristics (e.g., education, gender, work experience, tenure and others) for the population of Danish workers longitudinally. By using such data from 1992 to 2002, we provide rigorous...
Persistent link: https://www.econbiz.de/10013123602
Persistent link: https://www.econbiz.de/10015405063
This paper studies how promotion tournaments motivate workers to accumulate human capital when wages are constrained by outside labor markets. Patient firms can retain some control over tournament prizes through a relational contract, but if the firms are competitive, full efficiency does not...
Persistent link: https://www.econbiz.de/10013063154
Are people prone to selecting occupations with highly skewed income distributions despite minuscule chances of success? Assembling a comprehensive pool of potential teenage entrants into professional tennis (a typical winner-take-all market), we construct objective measures of relative ability...
Persistent link: https://www.econbiz.de/10012894561
In standard promotion tournaments, contestants are ranked based on their output or productivity. We argue that workers’ career progression may also depend on their relative rankings in dimensions a priori unrelated to their job performance, such as visibility or in-person presence. Such...
Persistent link: https://www.econbiz.de/10014345961
Inspired by the literature on the importance of local career networks for the quality of labor market matches we investigate whether human capital externalities arise from higher job matching efficiency in skilled regions. Using two samples of highly qualified workers in Germany, we find that...
Persistent link: https://www.econbiz.de/10003849357
Inspired by the literature on the importance of career networks for the quality of labor market matches we investigate whether human capital externalities arise from higher job matching efficiency in skilled regions. Using two samples of highly qualified workers in Germany, we find that...
Persistent link: https://www.econbiz.de/10012712475