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Leuphana Universität Lüneburg >
Institut für Volkswirtschaftslehre, Leuphana Universität Lüneburg >
Working Paper Series in Economics, Leuphana Universität Lüneburg >
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http://hdl.handle.net/10419/30238
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| Title: | | Adjustment of deferred compensation schemes, fairness concerns, and hiring of older workers  |
| Authors: | | Pfeifer, Christian |
| Issue Date: | | 2009 |
| Series/Report no.: | | University of Lüneburg Working Paper Series in Economics 151 |
| Abstract: | | Hutchens (1986, Journal of Labor Economics 4(4), pp. 439-457) argues that deferred compensation schemes impose fixed-costs to firms and, therefore, they employ older workers but prefer to hire younger workers. This paper shows that deferred compensation can be a recruitment barrier even without these fixed-costs, because adjustments of wage-tenure profiles for older new entrants can lead to adverse incentive effects from a fairness perspective. A personnel data set and a linked employeremployee data set reveal that wage-tenure profiles of white-collar workers are indeed adjusted according to entry age but that firms still hire few older workers. |
| Subjects: | | Deferred compensation entry age fairness internal labor markets wages |
| JEL: | | J14 J31 J33 M51 M52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series in Economics, Leuphana Universität Lüneburg
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