Firm age and wages

• 成果类型: Article
• 署名作者: Brown, C; Medoff, JL
• 署名单位: University of Michigan System; University of Michigan; National Bureau of Economic Research; Harvard University
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/374963
• 发表日期: 2003
• 页码: 677-697
• 关键词: states manufacturing-industries; unemployment; TECHNOLOGY; GROWTH; MARKET

摘要

We analyze the relationship between how long an employer has been in business (firm age) and wages. Using data from special supplements to the Survey Research Center's monthly Survey of Consumers, we find that firms that have been in business longer pay higher wages (as previous studies found), but when we control for worker characteristics, the relationship becomes insignificant or negative. There is some evidence that the relationship is not monotonic, with wages falling and then rising with years in business. Established employers appear to make greater use of back-loaded compensation, consistent with their higher probability of remaining in business.