New Evidence on Implicit Contracts from Linked Employer–Employee Data*
改进了隐性合同模型的检验方法，利用关联雇主-雇员数据发现：整体样本支持即期市场工资模型，但低技能工人更受即期市场影响，高技能工人更符合单边有限承诺的隐性合同模型。
Abstract We improve the precision of the implicit contract model test proposed by Beaudry and DiNardo (1991) . Our dataset allows us to define the exact industry and plant of a particular employment relationship, link local labor market characteristics to individual‐level wages, and control for composition effects. We find evidence in favor of the spot‐market model of wage setting in the whole sample, but there is significant variation across industries and education 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.