New Evidence on Implicit Contracts from Linked Employer-Employee Data*

被引：3

作者：

Kilponen, Juha ^{[1
]}

Santavirta, Torsten ^{[2
]}

机构：

[1] Bank Finland, FI-00101 Helsinki, Finland

[2] Aalto Univ, Sch Econ, FI-00076 Aalto, Finland

来源：

SCANDINAVIAN JOURNAL OF ECONOMICS | 2010年 / 112卷 / 04期

关键词：

Wage setting; limited commitment; business cycle; wage cyclicality; E32; J41; J64; BUSINESS-CYCLE; MICRO DATA; WAGES; UNEMPLOYMENT; MARKET; FLUCTUATIONS; MOVEMENT;

D O I：

10.1111/j.1467-9442.2010.01623.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：864 / 883

页数：20

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