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La Antigüedad en el Empleo y los Efectos del Ciclo Económico en los Salarios. El Caso Argentino

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  • Ana Carolina Ortega Masagué

Abstract

The aim of this paper is to analyse the rol of job tenure as a protective element of wages against the business cycle. According to the economic theory, job tenure implies the accumulation, through learning, of a specific human capital. Thus, to the extent that the worker receives a fraction of the returns to this human capital, we can expect that the degree of cyclical fluctuation of wages is lower for more tenured workers. In the framework of the Argentinian economy, the empirical analysis confirms this hypothesis, showing that the elasticity of wages to the unemployment rate decreases with tenure. When job heterogeneity is taken into account, the progressive isolation of wages as tenure increases turns out to be more pronounced for more educated workers and for those employed in the higher paying sectors

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Paper provided by FEDEA in its series Working Papers with number 2004-25.

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Handle: RePEc:fda:fdaddt:2004-25

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Cited by:
  1. José M. Labeaga & Ester Martínez Ros, . "Persistence and ability in the innovation decisions," Working Papers, FEDEA 2005-16, FEDEA.
  2. Namkee Ahn, . "Life Satisfaction among Spanish Workers: Importance of Intangible Job Characteristics," Working Papers, FEDEA 2005-17, FEDEA.
  3. José M. Labeaga & Xisco Oliver & Amedeo Spadaro, . "Measuring Changes in Health Capital," Working Papers, FEDEA 2005-15, FEDEA.
  4. Ana Carolina Ortega Masagué, . "La situación laboral de los inmigrantes en España: Un análisis descriptivo," Working Papers, FEDEA 2005-08, FEDEA.
  5. Corinne Mette, . "Wellbeing and dependency among European elderly: The role of social integration," Working Papers, FEDEA 2005-12, FEDEA.
  6. Namkee Ahn & Juan Ramón García & José A. Herce, . "Demographic Uncertainty and Health Care Expenditure in Spain," Working Papers, FEDEA 2005-07, FEDEA.

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