Who gets good jobs?: the hiring decisions and compensation structures of large firms
Industrial Relations Section, Princeton University, 2000 - Business & Economics - 36 pages
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age-at-displacement Age2 appear to hire assumption blue collar workers capital investment theory category is firm column comparative statics compensation structures demographics Displaced Worker Survey empirical employee search employees under 25 establishments estimated firm size firm with number firm-specific human capital firm's firms hire younger fixed costs formal training greater wage losses higher wages hire age hire younger workers hired white collar hires sample human capital investment indicator variables industry deviation informal training Labor Economics large and small large firms hire large firms invest log-concavity mean age-at-hire newly hired white number of employees older workers omitted category period prefer to hire previous job propensity to hire R-squared regarding large firms regression relationship sector size-wage premium small firms smallest firms Standard Errors starting wage-age profiles statistically suffer greater wage suggests that large tenure less training investments variation wage offer white collar workers workers aged workers hired