Firm Age and Wages
利用消费者调查数据，发现企业存续时间越长工资越高，但控制工人特征后关系变弱或为负，且工资随企业年龄先降后升，老企业更倾向延迟支付薪酬。
We analyze the relationship between how long an employer has been in business (firm age) and wages. Using data from special supplements to the Survey Research Center's monthly Survey of Consumers, we find that firms that have been in business longer pay higher wages (as previous studies found), but when we control for worker characteristics, the relationship becomes insignificant or negative. There is some evidence that the relationship is not monotonic, with wages falling and then rising with years in business. Established employers appear to make greater use of back-loaded compensation, consistent with their higher probability of remaining in business.