Seniority, Wages and Productivity: A Turbulent Decade
回顾了关于工人资历与工资增长关系及其与生产率关联的持续争论,指出过去十年中传统人力资本理论面临诸多质疑,目前尚无明确答案。
Why does a worker's wage tend to grow with seniority in the firm, and what does this have to do with productivity? Two decades ago, neoclassical labor economists thought that the theory of human capital provided a good answer to this question. The last decade has, however, been one of puzzles and doubt. At this point few would give an unambiguous answer. This paper provides a tour of key points in the ongoing debate over the relationship between seniority, wages, and productivity.