Promotion, turnover, earnings, and firm-sponsored training

研究成果: Review article査読

41 被引用数 (Scopus)

抄録

I develop a model in which different technological conditions lead to distinct equilibria with different patterns in labor mobility, promotion, earning distribution, and provision of firm-sponsored training. Key is the asymmetric learning of workers' characteristics. Because of the information that is conveyed to the market by promotion, firms have incentives to adopt strategic promotion policies, which result in different patterns in the use of internal labor market. The theory explains well the differences between the Japanese and the United States labor markets.

本文言語English
ページ(範囲)955-978
ページ数24
ジャーナルJournal of Labor Economics
22
4
DOI
出版ステータスPublished - 2004 10
外部発表はい

ASJC Scopus subject areas

  • Industrial relations
  • Economics and Econometrics

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