TY  - RPRT
        AU  - Frederiksen, Anders
        TI  - Earnings Progression, Human Capital and Incentives: Theory and Evidence
        PY  - 2010/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 4863
        UR  - https://www.iza.org/publications/dp4863
        AB  - 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.
        KW  - personnel economics
KW  - explicit incentives
KW  - career concern incentives
KW  - performance
KW  - earnings dynamics
        ER  -