Does tenure affect earnings?
The tenure of employees exerts a substantial influence on a company's earnings when the outgrowths of general and specific training are controlled. This conclusion is according to the consistent results culled from the 3SLS estimation approach. The use of 3SLS has likewise demonstrated that using a bivariate sample selection model cannot determine the effect of tenure on earnings. This is because bivariate models yield downward biased approximations of the tenure returns.
Publication Name: Journal of Economic Studies
Long-term unemployment, the invention of 'hysteresis' and the misdiagnosis of structural unemployment in the UK
An investigation on the belief that long term unemployment of labor as major barrier to the full employment, and the invention of 'hysteresis' for determining the labor market by its history, which was used for wrongly measuring structural unemployment in the United Kingdom is presented.
Publication Name: Cambridge Journal of Economics
- Abstracts: The evolution of the industrial organisation of the production of knowledge. Investment and adoption in advanced telecommunications
- Abstracts: Unemployment and nonemployment. What has been learned about labor supply in the past twenty years? What have we learned from empirical studies of unemployment and turnover?
- Abstracts: Weintaub's consumption coefficient: some economic implications and evidence for the UK. Evolution and organisational choice in nineteenth-century Britain