New evidence on implicit contracts from linked employer-employee data

Show full item record

Title: New evidence on implicit contracts from linked employer-employee data
ISBN: 978-952-462-600-2
Author: Kilponen, Juha ; Santavirta, Torsten
Organization: Bank of Finland
Series: Bank of Finland Research Discussion Papers
ISSN: 1456-6184
Series year: 2010
Series number: 12/2010
Year of publication: 2010
Publication date: 8.4.2010
Published in: Published in Scandinavian Journal of Economics, Special Issue 112, No. 4, 2010: 864-883
Pages: 26 s.
Keywords: palkat; mallit; työmarkkinat; työllisyys; sopimukset; Suomi; työttömyys; suhdanteet;
Abstract: We improve the precision of the test of the implicit contract model that Beaudry and DiNardo proposed twenty years ago. Our data set allows us to define the precise industry and plant of a particular employment relationship, link local labour market characteristics and company characteristics to the individual level of wages, and control for composition effects. We find evidence in favour of the spot market model of wage setting in the whole sample, but there is significant variation across industries and educational levels. In particular, the spot market matters most for low-skill workers, while the implicit contract model with one-sided limited commitment applies better to high-skill workers
Note: Ilmestynyt myös SCANDINAVIAN JOURNAL OF ECONOMICS 2010 ; 112 ; 4.

Files in this item

Total number of downloads: Loading...

Files Size Format View
166119.pdf 990.2Kb PDF View/Open

This item appears in the following Collection(s)

Show full item record