Working Paper 9119 ESTIMATING A FIRM ' S AGE-PRODUCTIVITY PROFILE USING THE PRESENT VALUE OF WORKERS ' EARNINGS
Working Paper 9119 ESTIMATING A FIRM ' S AGE-PRODUCTIVITY PROFILE USING THE PRESENT VALUE OF WORKERS ' EARNINGS
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工作文件 9119 使用工人收入的现值估算企业的年龄-生产率概况
DOI:
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发表时间:
1992
期刊:
影响因子:
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通讯作者:
Chris Ruhm
中科院分区:
文献类型:
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作者:
L. Kotlikoff;Jagadeesh Gokhale;Jinyong Cai;Lawrence Katz;Kevin Lang;Edward Lazear;Chris Ruhm
In hiring new workers, risk-neutral employers equate the present expected value of each worker's compensation to the present expected value of hisher productivity, Data detailing how present expected compensation varies with the age of hire embed, therefore, information about how productivity varies with age. This paper infers age-productivity profiles using data on the present expected value of earnings of new hires of a Fortune 1000 firm. For each of the five occupation/sex groups considered, productivity falls with age, with productivity exceeding earnings for young workers and vice versa for older workers. www.clevelandfed.org/research/workpaper/index.cfm