This paper characterises establishments that pay higher seniority wages than their competitors. It tests whether … seniority wages are paid on the basis of agency, human capital or efficiency wage considerations. A representative linked … employeremployee panel and an innovative two-step estimation strategy are used to first calculate individual seniority wages taking …

This paper characterises establishments that pay higher seniority wages than their competitors. It tests whether … seniority wages are paid on the basis of agency, human capital or efficiency wage considerations. A representative linked … employeremployee panel and an innovative two-step estimation strategy are used to first calculate individual seniority wages taking …

seniority wages. This paper uses linked employeremployee data, aggregates individual seniority wages to the establishment level … paper finds that establishments with stronger seniority wages have a higher tenure but hire less older employees. …

seniority wages. This paper uses linked employeremployee data, aggregates individual seniority wages to the establishment level … paper finds that establishments with stronger seniority wages have a higher tenure but hire less older employees. …

large and profitable establishments as well as establishments with a highly qualified workforce pay high seniority wages … with seniority wages, the share of foreigners, females as well as initial wage levels for job entrants are negatively … correlated. These results support an agency based motivation for seniority wages with older employees' wages set higher than …

Einflussmoeglichkeiten beider Institutionen, nahelegen. (Why do employers pay seniority wages? The principal-agent theory stresses that … predicting a positive impact of both institutions on seniority wages are confirmed.) …