An intra-firm perspective on wage profiles and employment of older workers with special reference to human capital and deferred compensation

Christian Pfeifer

An intra-firm perspective on wage profiles and employment of older workers with special reference to human capital and deferred compensation

Research output: Working paper › Working papers

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An intra-firm perspective on wage profiles and employment of older workers with special reference to human capital and deferred compensation. / Pfeifer, Christian.
Hannover: Universität Hannover, 2009. (Discussion paper ; No. 413).

Research output: Working paper › Working papers

Bibtex

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title = "An intra-firm perspective on wage profiles and employment of older workers with special reference to human capital and deferred compensation",

abstract = "Human capital and deferred compensation might explain why firms employ but do not hire older workers. Adjustments of wage-tenure profiles for older new entrants are explored in the context of deferred compensation. From an equity theory perspective, such adjustments might lead to adverse incentive effects so that firms prefer to hire rather homogenous workers in terms of entry age. A personnel data set is analyzed which reveals that at least for white-collar workers entry age has a positive effect on entry wages and wage-tenure profiles are adjusted according to entry age. -- Deferred compensation ; human capital ; internal labor markets ; older workers ; wages",

keywords = "Economics, deferred compensation, human capital, internal labor markets, older workers, wages, Gender and Diversity",

author = "Christian Pfeifer",

year = "2009",

language = "English",

series = "Discussion paper ",

publisher = "Universit{\"a}t Hannover",

number = " 413",

type = "WorkingPaper",

institution = "Universit{\"a}t Hannover",

}

RIS

TY - UNPB

T1 - An intra-firm perspective on wage profiles and employment of older workers with special reference to human capital and deferred compensation

AU - Pfeifer, Christian

PY - 2009

Y1 - 2009

N2 - Human capital and deferred compensation might explain why firms employ but do not hire older workers. Adjustments of wage-tenure profiles for older new entrants are explored in the context of deferred compensation. From an equity theory perspective, such adjustments might lead to adverse incentive effects so that firms prefer to hire rather homogenous workers in terms of entry age. A personnel data set is analyzed which reveals that at least for white-collar workers entry age has a positive effect on entry wages and wage-tenure profiles are adjusted according to entry age. -- Deferred compensation ; human capital ; internal labor markets ; older workers ; wages

AB - Human capital and deferred compensation might explain why firms employ but do not hire older workers. Adjustments of wage-tenure profiles for older new entrants are explored in the context of deferred compensation. From an equity theory perspective, such adjustments might lead to adverse incentive effects so that firms prefer to hire rather homogenous workers in terms of entry age. A personnel data set is analyzed which reveals that at least for white-collar workers entry age has a positive effect on entry wages and wage-tenure profiles are adjusted according to entry age. -- Deferred compensation ; human capital ; internal labor markets ; older workers ; wages

KW - Economics

KW - deferred compensation

KW - human capital

KW - internal labor markets

KW - older workers

KW - wages

KW - Gender and Diversity

M3 - Working papers

T3 - Discussion paper

BT - An intra-firm perspective on wage profiles and employment of older workers with special reference to human capital and deferred compensation

PB - Universität Hannover

CY - Hannover

ER -

Predicting satisfaction with democracy in Germany using local economic conditions, social capital, and individual characteristics

Friehe, T. & Pfeifer, C., 09.2024, In: Economics of Governance. 25, 3, p. 335-377 43 p.

Research output: Journal contributions › Journal articles › Research › peer-review