Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29427 
Year of Publication: 
1997
Series/Report no.: 
ZEW Discussion Papers No. 97-23
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Abstract: 
Gerlach and Stephan (1994) proposed a test based on the idea that the wage premium, the part of the wage which is not explained by the stock of human capital, should help predict variables such as career expectations (quit, change occupation, leave the labour force) and some job characteristics (like degree of supervision). We examine a number of issues related to sample selection and split, as well as the choice of tenure and experience variables, and obtain surprisingly robust results, which differ somewhat from theirs: in particular, we find no effect of the wage premium on career expectations. The main source of these differences appears to lie in the pooling of Germans and foreigners.
Subjects: 
Efficiency wages
wage equations
JEL: 
E24
J41
Document Type: 
Working Paper
Document Version: 
Digitized Version

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