Does tenure affect earnings?

Article Abstract:

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.

Employee Wages & Salaries, Models, Labor economics, Wages, Wages and salaries, Job security

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Long-term unemployment, the invention of 'hysteresis' and the misdiagnosis of structural unemployment in the UK

Article Abstract:

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.

United Kingdom, Unemployment

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