Kampkoetter, Patrick and Sliwka, Dirk ORCID: 0000-0002-8026-0165 (2014). Wage premia for newly hired employees. Labour Econ., 31. S. 45 - 61. AMSTERDAM: ELSEVIER SCIENCE BV. ISSN 1879-1034
Full text not available from this repository.Abstract
We investigate wage differences between newly hired and incumbent employees in identical functions using detailed personnel data from a large number of banks. We first show in a formal model of job switching that (i) incumbents earn less than new recruits when human capital is mostly general but (ii) the opposite is the case if specific human capital is sufficiently important In the empirical analysis we find that, on average, new hires earn more than comparable incumbents but - using a novel measure for the importance of specific human capital - these wage premia indeed strongly depend on human capital specificity. (C) 2014 Elsevier B.V. All rights reserved.
Item Type: | Journal Article | ||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-421321 | ||||||||||||
DOI: | 10.1016/j.labeco.2014.09.001 | ||||||||||||
Journal or Publication Title: | Labour Econ. | ||||||||||||
Volume: | 31 | ||||||||||||
Page Range: | S. 45 - 61 | ||||||||||||
Date: | 2014 | ||||||||||||
Publisher: | ELSEVIER SCIENCE BV | ||||||||||||
Place of Publication: | AMSTERDAM | ||||||||||||
ISSN: | 1879-1034 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Unspecified | ||||||||||||
Divisions: | Unspecified | ||||||||||||
Subjects: | no entry | ||||||||||||
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URI: | http://kups.ub.uni-koeln.de/id/eprint/42132 |
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