Seniority and Efficiency
研究了资历在企业与劳动力之间高效薪酬和雇佣安排中的作用，将资历视为不确定性动态模型中的内生因素，并分析了偏好和生产的跨期不可分性对资历条款的影响。
The role of seniority in efficient compensation and employment arrangements between a firm and its labor pool is examined. Seniority is treated as an endogenous factor in a dynamic model with uncertainty. Nonseparability over time in preferences and production emerges as a pivotal aspect of seniority provisions in efficient allocations. The analysis focuses on two dynamic factors that have been emphasized in the literature: nonseparable worker preferences in leisure and a learning-by-doing process of human capital accumulation. Copyright 1992 by The editors of the Scandinavian Journal of Economics.