Equilibrium Wage‐Tenure Contracts

By K. Burdett, M. Coles. 2003

267 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/52b73de949da657c176d91443b29834632242f92

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In Economics and Econometrics

Citations in the corpus

Occupational Specificity of Human Capital (2009, background): “Burdett and Coles (2003) and Stevens (2004) argue that firms may offer increasing equilibrium wage-tenure contracts to reduce worker turnover. employer-specific because it is transferable across employers and thus its accumulation cannot be financed by them.”
Wage bargaining with on-the-job search: Theory and evidence (2006, methodology): “…bulk of that discrepancy to interfirm mobility: in fact, they specifically analyzed their empirical findings through the lens of a job search model (Burdett and Coles (2003)) closely related to the one we use in this paper and they showed that the France-United States gap in returns to tenure is…”
Estimation of a Roy/Search/Compensating Differential Model of the Labor Market (2020, unknown): “There are several papers starting with Burdett and Coles (2003) that study wage-tenure contracts theoretically.”
Frictional Wage Dispersion in Search Models: A Quantitative Assessment (2011, unknown): “, through firm size.(13) Similarly, layoff rates are larger for low-paid jobs (see Pinheiro and Vissers, 2006 for a survey of the evidence).”
Learning by Doing vs. Learning About Match Quality: Can We Tell Them Apart? (2007, background): “Since there are no results establishing what happens to the optimal contract in the presence of flrm-speciflc shocks (there are no such shocks in the Burdett and Coles (2003) model), it is di‐cult to assess the theoretical relevance of such an explanation, but it is possible that the flrm may have”
A Distributional Framework for Matched Employer Employee Data (2019, unknown): “Related examples are contract posting models (as in Burdett and Coles, 2003, Shi, 2008), where the optimal contract is a tenure contract.”
Learning Your Comparative Advantages (2014, background): “Burdett and Coles (2003) argue that outside offers are not verifiable and are therefore ignored by the current firm.”
The Empirical Content of the Job Search Model: Labor Mobility and Wage Distributions in Europe and the US (2006, background): “Remarkable exceptions are Van den Berg (1990) and Burdett and Coles (2003).”
Directed Search for Equilibrium Wage-Tenure Contracts (2009, background): “I allow for the possibility λ0 = λ1 = 1 by letting λ0, λ1 ∈ (0, 1].(4) A worker who receives the application opportunity observes all firms’ offers instantly without any cost and then chooses the offer to apply.”