%0 Report
        %A Frederiksen, Anders
        %T Earnings Progression, Human Capital and Incentives: Theory and Evidence
        %D 2010
        %8 2010 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 4863
        %U https://www.iza.org/index.php/publications/dp4863
        %X The career prospects of newly recruited employees differ substantially within an organization. The stars experience a considerable growth in earnings; others can hardly maintain their entry salaries. This article sheds light on the mechanisms generating the observed heterogeneity in earnings progression by investigating the effects of on-the-job human capital acquisition, explicit short-run incentives and career concern incentives on earnings progression. The model leads to predictions about the incentive structure and the progression in both cross-sectional and individual earnings which are supported by the empirical analysis based on personnel records from a large bank.
        %K personnel economics
%K explicit incentives
%K career concern incentives
%K performance
%K earnings dynamics