Arbeitspapier
Starting wages respond to employer's risk
Firms hiring fresh graduates face uncertainty on the future productivity of workers. Intuitively, one expects starting wages to reflect this. Formal analysis supports the intuition. We use the dispersion of exam grades within a field of education as an indicator of the heterogeneity that employers face. We find solid evidence that starting wages are lower if the variance of exam grades is higher and that starting wages are lower if the skew is higher: employers shift quality risk to new hires, but pay for the opportunity to catch the really good workers.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 3026
- Klassifikation
-
Wirtschaft
- Thema
-
Wages
risk
ability
Berufseinstieg
Lohn
Vergütungssystem
Risikoaversion
Arbeitsproduktivität
Niederlande
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Berkhout, Peter
Hartog, Joop
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Berkhout, Peter
- Hartog, Joop
- Institute for the Study of Labor (IZA)
Entstanden
- 2007
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