Earnings and seniority in Japan: A re-appraisal of the existing evidence and a comparison with the UK
Earnings and seniority in Japan: A re-appraisal of the existing evidence and a comparison with the UK
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日本的收入和资历：对现有证据的重新评估以及与英国的比较
DOI：
10.1016/s0927-5371(96)00021-8
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发表时间：
1997
期刊：
影响因子：
2.4
通讯作者：
Kenn Ariga
中科院分区：
文献类型：
--
作者：
G. Brunello;Kenn Ariga
标准估计的收入概况忽略了，与未观察到的异质性，横截面的证据不需要反映“真实”的收入和任期之间的关系。在本文中，我们认为，由一名员工在公司的层次结构中所填补的位置的观察是她的质量和她的匹配质量的信息。在某些假设下，这些信息可以用来构建一个无偏估计的任期对收益增长的影响。我们将这个简单的想法应用于日本和英国的数据。本文的一个发现是，任期对收入的影响是积极的，但较小的任期是长期的影响与传统的方法估计。在比较的角度来看，我们还发现，英国和日本的盈利状况显着不同的相对重要性的内部风险和职级间的盈利增长。特别是，前者与日本的经验有关，而后者在英国占主导地位。
Standard estimates of earnings profiles ignore that, with unobserved heterogeneity, cross section evidence need not reflect the ‘true’ relationship between earnings and tenure. In this paper, we argue that the observation of the position filled by an employee in the firm hierarchy is informative both of her quality and of the quality of her match. Under some assumptions, this information can be used to construct an unbiased estimator of the effects of tenure on earnings growth. We apply this simple idea to Japanese and British data. A finding of the paper is that tenure effects on earnings are positive but smaller when tenure is long than the effects estimated with the traditional approach. In a comparative perspective, we also find that British and Japanese earnings profiles differ remarkably in the relative importance of within-risk and between-rank earnings growth. In particular, the former is relevant to the Japanese experience while the latter is predominant in Britain.