Abstract
This paper replicates Medoff and Abraham's [Medoff, J. and Abraham, K., 1980. Experience, performance, and earnings. Quarterly Journal of Economics 95, 703–736.] results where the introduction of performance ratings into an earnings equation doesn't reduce the coefficient on tenure. M&A interpret this as being worrying for Human Capital Theory. We offer an interpretation where it isn't.
Original language | English |
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Pages (from-to) | 137-139 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 101 |
Issue number | 2 |
Early online date | 11 Jul 2008 |
DOIs | |
Publication status | Published - Nov 2008 |
Keywords
- specific human capital
- job matching
- productivity