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Tenure and Experience Effects on Wages: A Theory

Burdett, K and Coles, M (2010) Tenure and Experience Effects on Wages: A Theory. UNSPECIFIED. CESifo Working Paper Series 3203.

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Abstract

This paper investigates equilibria in a labor market where firms post wage/tenure contracts and risk-averse workers, both employed and unemployed, search for better paid job opportunities. Different firms typically offer different contracts. Workers accumulate general human capital through learning-by-doing. With on-the-job search, a worker�??s wage evolves endogenously over time through experience effects, tenure effects and quits to better paid employment. This equilibrium approach suggests how to identify econometrically between experience and tenure effects on worker wages.

Item Type: Monograph (UNSPECIFIED)
Uncontrolled Keywords: experience; tenure; search; equilibrium
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 05 Jan 2013 17:15
Last Modified: 17 Aug 2017 18:04
URI: http://repository.essex.ac.uk/id/eprint/4922

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