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Title:Tenure and experience effects on wages: A theory PDF Logo
Authors:Burdett, Ken
Coles, Melvyn
Issue Date:2010
Series/Report no.:CESifo working paper: Labour Markets 3203
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.
Subjects:experience
tenure
search
equilibrium
JEL:J41
Document Type:Working Paper
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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