Wage and Employment Structure in an Economy with Internal Labor Markets
研究内部劳动力市场中企业的晋升经济学，分析工资与就业结构，发现企业会设定非递减的工资曲线，且初级和高级工人的工资可能高于或低于其边际产出。
The paper discusses the economics of promotion and, in particular, studies wage and employment structure in an economy with internal labor markets. It is shown—under a wide range of assumptions—that firms will set a nondecreasing wage profile that, for reasons apparently not suggested before, both junior and senior workers may be paid more or less than their marginal product, and that firms will offer a flat wage schedule if labor hours are supplied perfectly inelastically.