Promotion Policy and Firm Size

In contrast to the predictions of conventional economic theory, it is well documented that similar workers receive wages positively correlated with the size of the firm employing them. To explain these findings we augment the Waldman (1984) framework by adding a size variable and construct a dynamic model of promotion and obtain an equilibrium with a positive correlation between firm size and wages.

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Year of publication:	2012
Authors:	Zax, Ori
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 32.2012, 4, p. 3347-3356
Publisher:	AccessEcon
Subject:	Firm size and wages \| promotion decisions

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Extent:	application/pdf
Type of publication:	Article
Classification:	J3 - Wages, Compensation, and Labor Costs ; J5 - Labor-Management Relations, Trade Unions, and Collective Bargaining
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011278570