IDEAS home Printed from https://ideas.repec.org/p/nya/albaec/08-04.html
   My bibliography  Save this paper

Cohort Effects in Promotions and Wages: Evidence from Sweden and US

Author

Listed:
  • Illoong Kwon
  • Eva Meyersson Milgrom
  • Seiwoon Hwang

Abstract

This paper studies the long-term effect of the business cycle at the time workers enter the labor market on workers?future promotions and wages. Using the Swedish employer-employee matched data, we find that a cohort of workers entering the labor market during a boom gets promoted faster and reaches higher ranks. This pro-cyclical promotion cohort effect persists even after controlling for workers?initial jobs, and explains most of the wage cohort effects that previous studies have focused on. We repeat the same analyses using personnel records from a single US company, and show that the qualitative results do not change.

Suggested Citation

  • Illoong Kwon & Eva Meyersson Milgrom & Seiwoon Hwang, 2008. "Cohort Effects in Promotions and Wages: Evidence from Sweden and US," Discussion Papers 08-04, University at Albany, SUNY, Department of Economics.
  • Handle: RePEc:nya:albaec:08-04
    as

    Download full text from publisher

    File URL: http://www.albany.edu/economics/research/workingp/2008/Cohort.pdf
    Download Restriction: no

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nya:albaec:08-04. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Byoung Park). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.