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Title:An Intra-firm perspective on wage profiles and employment of older workers with special reference to human capital and deferred compensation PDF Logo
Authors:Pfeifer, Christian
Issue Date:2009
Series/Report no.:Discussion papers // School of Economics and Management of the Hanover Leibniz University 413
Abstract:Human capital and deferred compensation might explain why firms employ but do not hire older workers. Adjustments of wage-tenure profiles for older new entrants are explored in the context of deferred compensation. From an equity theory perspective, such adjustments might lead to adverse incentive effects so that firms prefer to hire rather homogenous workers in terms of entry age. A personnel data set is analyzed which reveals that at least for white-collar workers entry age has a positive effect on entry wages and wage-tenure profiles are adjusted according to entry age.
Subjects:Deferred compensation
human capital
internal labor markets
older workers
wages
JEL:J14
J24
J31
J33
M51
M52
Document Type:Working Paper
Appears in Collections:Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover

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