RETURNS TO TENURE OR SENIORITY?

• 成果类型: Article
• 署名作者: Buhai, I. Sebastian; Portela, Miguel A.; Teulings, Coen N.; van Vuuren, Aico
• 署名单位: Stockholm University; Universidade do Minho; University of Cambridge; University of Amsterdam; Vrije Universiteit Amsterdam
• 刊物名称: ECONOMETRICA
• ISSN/ISSBN: 0012-9682
• DOI: 10.3982/ECTA8688
• 发表日期: 2014
• 页码: 705-730
• 关键词: job seniority; wages rise; mobility; Heterogeneity; experience; DYNAMICS; earnings; workers; models; UNION

摘要

This study documents two empirical facts using matched employer-employee data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm. Second, workers' wages rise with seniority, where seniority is defined as a worker's tenure relative to the tenure of his colleagues. Controlling for tenure, the probability of a worker leaving the firm decreases with seniority. The increase in expected seniority with tenure explains a large part of the negative duration dependence of the separation hazard. Conditional on ten years of tenure, the wage differential between the 10th and the 90th percentiles of the seniority distribution is 1.1-1.4 percentage points in Denmark and 2.3-3.4 in Portugal.