Estimating the Employer Switching Costs and Wage Responses of Forward-Looking Engineers

被引:14
作者
Fox, Jeremy T. [1 ,2 ]
机构
[1] Univ Chicago, Chicago, IL 60637 USA
[2] NBER, Cambridge, MA 02138 USA
关键词
DISCRETE-CHOICE MODELS; LIFE-CYCLE EARNINGS; LABOR-MARKET; PRODUCT DIFFERENTIATION; STATE DEPENDENCE; HETEROGENEITY; MOBILITY; EQUILIBRIUM; TURNOVER; COMPENSATION;
D O I
10.1086/651458
中图分类号
F [经济];
学科分类号
02 ;
摘要
This article estimates worker switching costs and how much the employer switching of experienced engineers responds to outside wage offers. I use data on engineers across Swedish private sector firms to estimate the relative importance of employer wage policies and switching costs in a dynamic programming, discrete choice model of employer choice. The differentiated firms are modeled in employer characteristic space, and each firm has its own age-wage profile. A majority of engineers have moderately high switching costs and a minority of experienced workers are responsive to outside wage offers. Younger workers are more sensitive to outside wage offers.
引用
收藏
页码:357 / 412
页数:56
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