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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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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
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 05 Jan 2013 17:15
Last Modified: 06 Jan 2022 13:20

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