The Impact of Hierarchies on Wages
The failure of human capital theory to explain firm related effects on wages, new empirical approaches to internal labor markets, and new work on careers have all led to a recent surge in interest in how firm internal structure, and the jobs within firms, help determine wages. The least developped approach to this new area is the theory of hierarchies, which springs originally from industrial organization and the theory of the firm. The purpose of this paper is to demonstrate the theoretical and empirical importance of management hierarchies.
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"The Employer Size-Wage Effect,"
NBER Working Papers
2870, National Bureau of Economic Research, Inc.
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"Does Information Technology Lead to Smaller Firms?,"
INFORMS, vol. 40(12), pages 1628-1644, December.
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- Green, Francis & Machin, Stephen & Manning, Alan, 1996. "The Employer Size-Wage Effect: Can Dynamic Monopsony Provide an Explanation?," Oxford Economic Papers, Oxford University Press, vol. 48(3), pages 433-55, July.
- Baker, George & Gibbs, Michael & Holmstrom, Bengt, 1994. "The Wage Policy of a Firm," The Quarterly Journal of Economics, MIT Press, vol. 109(4), pages 921-55, November.
- Baker, George & Gibbs, Michael & Holmstrom, Bengt, 1994. "The Internal Economics of the Firm: Evidence from Personnel Data," The Quarterly Journal of Economics, MIT Press, vol. 109(4), pages 881-919, November.
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