American Economic Review Vol. 79 No. 5 1989
Why Do Wages Increase with Tenure? On-the-Job Training and Life-Cycle Wage Growth Observed within Firms
Abstract
Empirical results in this paper indicate that firm-specific wage growth occurs almost exclusively during periods of on-the-job training. This finding suggests that within-firm wage growth is mainly determined by contemporaneous productivity growth. The results provide no evidence that contractual considerations are an important source of firm-specific wage growth.
- Volume
- 79
- Issue
- 5
- Pages
- 971-991
- Sources
- bibtex:phds-export.bib