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Internal Labor Market Dimensions and Labor Productivity

In: Workplace Productivity and Management Practices

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  • Pedro S. Martins

Abstract

Personnel economics tends be based on single-firm case studies. Here, we examine several internal labor market dimensions of nearly 5,000 firms, over a period of 20 years, using detailed matched employer–employee data from Portugal. In the spirit ofBaker, Gibbs, and Holmstrom (1994a, 1994b), we consider worker turnover, the role of job levels and human capital as wage determinants, wage dispersion within job levels, the importance of tenure in promotions and exits, and the scope for careers. We find a large degree of diversity in most of these personnel dimensions across firms. Moreover, some dimensions are shown to be robust predictors of firm performance, even after controlling for time-invariant firm heterogeneity and other variables. These dimensions include low worker churning, the importance of careers, low wage dispersion at low and intermediate job levels, and a tight relationship between human capital variables and wages.

Suggested Citation

  • Pedro S. Martins, 2021. "Internal Labor Market Dimensions and Labor Productivity," Research in Labor Economics, in: Workplace Productivity and Management Practices, volume 49, pages 107-137, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rleczz:s0147-912120210000049005
    DOI: 10.1108/S0147-912120210000049005
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    More about this item

    Keywords

    Personnel; economics; job levels; wage dispersion; matched data; human resource management; careers; M51; M52; J31;
    All these keywords.

    JEL classification:

    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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