Journal of Labor Economics Vol. 12 No. 1 1994
Ability, Promotion, and Optimal Retirement
Abstract
This article considers a model in which the productivity of a worker depends on his experience, ability, and position in the firm. It is shown that workers are sorted in positions based on comparative advantage. Furthermore, workers are induced to retire when productivity is equal to the value of time after adjusting for the reallocation of other workers by positions that would occur if the worker retired.
- DOI
- 10.1086/298346
- Volume
- 12
- Issue
- 1
- Pages
- 119-137
- Language
- en
- Sources
- openalex crossref