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http://ssrn.com/abstract=1691495
 
 

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Tenure and Experience Effects on Wages: A Theory


Ken Burdett


University of Pennsylvania - Department of Economics

Melvyn G. Coles


University of Essex - Department of Economics; Autonomous University of Barcelona; Institute for the Study of Labor (IZA)

October 13, 2010

CESifo Working Paper Series No. 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.

Number of Pages in PDF File: 39

Keywords: experience, tenure, search, equilibrium

JEL Classification: J41

working papers series


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Date posted: October 14, 2010  

Suggested Citation

Burdett, Ken and Coles, Melvyn G., Tenure and Experience Effects on Wages: A Theory (October 13, 2010). CESifo Working Paper Series No. 3203. Available at SSRN: http://ssrn.com/abstract=1691495

Contact Information

Ken Burdett
University of Pennsylvania - Department of Economics ( email )
3718 Locust Walk
439 McNeil Building
Philadelphia, PA 19104
United States
Melvyn G. Coles (Contact Author)
University of Essex - Department of Economics ( email )
Wivenhoe Park
Colchester CO4 3SQ
United Kingdom
+44 1206 873333 (Phone)
+44 1206 872724 (Fax)
Autonomous University of Barcelona
Carrer de Sant Antoni Maria Claret, 282
Campus UAB
Barcelona, Barcelona 08041
SPAIN
Institute for the Study of Labor (IZA)
P.O. Box 7240
Bonn, D-53072
Germany
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