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We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...
Persistent link: https://www.econbiz.de/10010278590
According to the aims of the labour market reforms of the 90s implemented in many European countries, workers may stay at their first job for a shorter time, but should be able to switch jobs easily. This would generate a trade-off between job opportunities and job stability. This paper...
Persistent link: https://www.econbiz.de/10010269568
This paper studies how portable skill accumulated in the labor market are. Using rich data on tasks performed in occupations, we propose the concept of task-specific human capital to measure the transferability of skills empirically. Our results on occupational mobility and wages show that labor...
Persistent link: https://www.econbiz.de/10010268280
This paper investigates the transferability of human capital across countries and the contribution of imperfect human capital portability to the explanation of the immigrant-native wage gap. Using data for West Germany, our results reveal that, overall, education and labor market experience...
Persistent link: https://www.econbiz.de/10010271804
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064
We analyze the joint determination of wage levels, wage growth and firm tenure. Our analysis is built on estimating a … reduced form for tenure, a structural wage level equation and a structural wage growth equation. We disentangle returns to a … latent type variable from estimates of general returns to tenure and wage gains from job changes. This type is related to …
Persistent link: https://www.econbiz.de/10010268477
first show that the median elapsed tenure declined for men between 1984 and 1999. Second, estimating proportional Cox hazard …
Persistent link: https://www.econbiz.de/10010262118
Based on theoretical models of job mobility this paper provides an empirical analysis of job durations in West Germany using information from two cohorts of new entrants to the labor force. We adopt an accelerated failure time model allowing for unobserved heterogeneity. Thereby we combine the...
Persistent link: https://www.econbiz.de/10010262331
tenure and working in big firms receive severance payments. There is a huge variance in the size of the payments, which can … only partly be explained by tenure, the wage, firm size and the region. At least one quarter of dismissed employees is …
Persistent link: https://www.econbiz.de/10010261594
Greater job creation in the US than in Germany has often been related to greater wage dispersion coupled with less regulated labour and product markets in the US. Based on the Comparative German American Structural Database and the International Adult Literacy Survey we find that employment of...
Persistent link: https://www.econbiz.de/10012471302