SEX-DIFFERENCES IN TENURE PROFILES - EFFECTS OF SHARED FIRM-SPECIFIC INVESTMENT

• 成果类型: Article
• 署名作者: BECKER, E; LINDSAY, CM
• 刊物名称: JOURNAL OF LABOR ECONOMICS
• ISSN/ISSBN: 0734-306X
• DOI: 10.1086/298345
• 发表日期: 1994
• 页码: 98-118
• 关键词: self-selection; job seniority; labor-market; wages rise; turnover; earnings

摘要

This article employs a model of Masanori Hashimoto with extensions by Donald Parsons to analyze variation in tenure by sex, age, and firm type. Fixed-wage contracts eliminate postcontractual opportunism associated with firm-specific human capital investment. However, such contracts result in inefficient quits and terminations. Calibration of the sharing of this investment between workers and employers minimizes the costs of these inefficient separations. Moreover, this optimal sharing rate varies systematically with the characteristics listed above. These tenure-slope implications are tested with favorable results.