Tenure, Wage Profiles and Monitoring

John G. Sessions, Nikolaos Theodoropoulos

Research output: Working paper

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Abstract

We undertake the first empirical investigation of the relationship between the slope of the wagetenure profile and the level of monitoring. On the assumption that firms strive for the optimal trade-off between these various instruments, we hypothesise that increased monitoring leads to a decline in the slope of the wagetenure profile. Our empirical analysis, using two cross sections of matched employer-employee British data, provides robust support for this prediction.
Original languageEnglish
Place of PublicationBath, U.K.
PublisherDepartment of Economics, University of Bath
Publication statusPublished - 2009

Publication series

NameBath Economics Research Working Papers
No.27/09

Keywords

  • efficiency wages
  • tenure
  • Monitoring

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