Estimating the Employer Switching Costs and Wage Responses of Forward-Looking Engineers

• 成果类型: Article; Proceedings Paper
• 署名作者: Fox, Jeremy T.
• 署名单位: University of Chicago; National Bureau of Economic Research
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/651458
• 发表日期: 2010
• 页码: 357-412
• 关键词: discrete-choice models; life-cycle earnings; labor-market; product differentiation; state dependence; Heterogeneity; mobility; equilibrium; turnover; COMPENSATION

摘要

This article estimates worker switching costs and how much the employer switching of experienced engineers responds to outside wage offers. I use data on engineers across Swedish private sector firms to estimate the relative importance of employer wage policies and switching costs in a dynamic programming, discrete choice model of employer choice. The differentiated firms are modeled in employer characteristic space, and each firm has its own age-wage profile. A majority of engineers have moderately high switching costs and a minority of experienced workers are responsive to outside wage offers. Younger workers are more sensitive to outside wage offers.