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Entry Wages Signaling Future Wages: Theory and Evidence on the Relationship Between Firm-Specific Capital, Wage Profiles and Job Rationing

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  • Beaudry, P.

Abstract

Cette Etude Examine la Relation Entre le Capital Humain Specifique a un Emploi et les Profits Salariaux. Plusieurs Modeles Suggerent Que le Capital Humain Specifique Peut Etre une Cause du Rationnement de L'emploi, Mais Ces Modeles Ont Generalement D'importantes Faiblesses. Pour Cette Raison, une Nouvelle Interpretation de Cette Causalite Est Poposee Avec L'avantage D'expliciter, a L'aide D'un Jeu, le Lien Entre Ce Type D'investissement et la Determination du Profil Salarial. Il Est Demontre Qu'un Employeur Ayant une Information Privilegiee Sur L'accumulaiton Potentielle de Capital Humain Specifique Associe a un Emploi Choisira D'utiliser le Salaire D'entree Pour Signaler la Credibilite du Contrat Implicite Qu'il Offre. la Validite de Ce Mecanisme Est Testee En Examinant les Restrictions Qu'impose L'equilibre du Jeu Sur les Profils Salariaux.

Suggested Citation

  • Beaudry, P., 1989. "Entry Wages Signaling Future Wages: Theory and Evidence on the Relationship Between Firm-Specific Capital, Wage Profiles and Job Rationing," Cahiers de recherche 8905, Universite de Montreal, Departement de sciences economiques.
    • Handle: RePEc:mtl:montde:8905
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    Cited by:

    1. Riveros, Luis A. & Bouton, Lawrence, 1991. "Efficiency wage theory, labormarkets, and adjustment," Policy Research Working Paper Series 731, The World Bank.

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