Length of Service and the Operation of Internal Labor Markets
NBER Working Paper No. 1085
This paper presents a summary of the evidence which has recently been collected concerning the role of length of service in the operation of internal labor markets. It argues that these data are inconsistent with the human capital model of the experience-earnings and experience-layoff relationships. The paper concludes by asserting that if we are ever to fully understand the role of service, newdata are needed.
Published: Proceedings of the 35th Annual Meeting, December 28-30, 1982, Industrial Relations Research Association, pp. 208-218.