Seniority, Wages and Productivity
A Turbulent Decade
Bibliographic Data
| ID | 4029482 |
|---|---|
| Authors | Robert Hutchens (Cornell University, corresponding author), Robert M Hutchens (Cornell University) |
| Year | 1989 |
| Volume | 3 |
| Issue | 4 |
| Pages | 49-64 |
| Publication date | 1989-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.3.4.49 |
| OpenAlex | W1965418930 |
| Language | EN |
| Citations received | 19 |
| References cited | 17 |
Why does a worker's wage tend to grow with seniority in the firm, and what does this have to do with productivity? Two decades ago, neoclassical labor economists thought that the theory of human capital provided a good answer to this question. The last decade has, however, been one of puzzles and doubt. At this point few would give an unambiguous answer. This paper provides a tour of key points in the ongoing debate over the relationship between seniority, wages, and productivity
Economics · Efficiency wage · Human capital · Labour economics · Macroeconomics · Market economy · Neoclassical economics · Political science · Productivity · Seniority · Wage · Employment and Welfare Studies · Labor market dynamics and wage inequality · Law · Retirement, Disability, and Employment
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Job Turnover and the Returns to Seniority
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Consequences of Seniority Wages on the Employment Structure
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Do Wages Rise with Job Seniority? A Reassessment
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How do employers cope with an ageing workforce
Efficiency Wage Models of the Labor Market
Do Wages Rise with Job Seniority?
Law Enforcement, Malfeasance, and Compensation of Enforcers
Work Incentives, Hierarchy, and Internal Labor Markets
Why Is There Mandatory Retirement
Labor as a Quasi-Fixed Factor
Investment in Human Capital
Job Mobility and Earnings over the Life Cycle
| Unique citing works | 19 |
|---|---|
| Citations per year | 0,56 |
| Citation span | 1992 - 2024 (33) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 19 |