Length of Service and the Operation of Internal Labor Markets
This paper presents a summary of the evidence which has recently been collected concerning the role of length of service in the operation of internal labor markets. It argues that these data are inconsistent with the human capital model of the experience-earnings and experience-layoff relationships. The paper concludes by asserting that if we are ever to fully understand the role of service, newdata are needed.
|Date of creation:||Mar 1983|
|Date of revision:|
|Publication status:||published as Proceedings of the 35th Annual Meeting, December 28-30, 1982, Industrial Relations Research Association, pp. 208-218.|
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- Medoff, James L & Abraham, Katharine G, 1980.
"Experience, Performance, and Earnings,"
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- Lazear, Edward P, 1979. "Why Is There Mandatory Retirement?," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1261-84, December.
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- Summers, Anita A & Wolfe, Barbara L, 1977. "Do Schools Make a Difference?," American Economic Review, American Economic Association, vol. 67(4), pages 639-52, September.
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