Worker turnover and job matching: Implications for estimating the returns to tenure

Tim Barmby, Barbara Eberth

Research output: Contribution to journalArticle

4 Citations (Scopus)

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 languageEnglish
Pages (from-to)137-139
Number of pages3
JournalEconomics Letters
Volume101
Issue number2
Early online date11 Jul 2008
DOIs
Publication statusPublished - Nov 2008

Keywords

  • specific human capital
  • job matching
  • productivity

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