Unobserved Individual and Firm Heterogeneity in Wage and Job-Duration Functions: Evidence from German Linked Employer–Employee Data
Unobserved Individual and Firm Heterogeneity in Wage and Job-Duration Functions: Evidence from German Linked Employer–Employee Data
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工资和工作期限函数中未观察到的个人和公司异质性:来自德国相关雇主雇员数据的证据
DOI:
10.1111/j.1468-0475.2010.00528.x
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发表时间:
2011
影响因子:
1.1
通讯作者:
Hübler
中科院分区:
文献类型:
--
作者:
Cornelißen;Thomas;Hübler
We analyse the correlations between individual and firm fixed effects, and wage and job-duration functions. Our results for large firms suggest that low-wage firms tend to be stable firms, suggesting that lower wages can buy job stability. Furthermore, high-wage workers sort into the stable low-wage firms. Our interpretation is that high-wage workers have a higher wage to insure against job loss and can afford more easily to forgo wages in favour of job stability. This may provide an explanation of the puzzle identified in previous literature that high-wage workers are matched to low-wage firms.
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