Cohort Effects in Promotions and Wages: Evidence from Sweden and the United States

Autor/inn/en	Kwon, Illoong; Meyersson Milgrom, Eva; Hwang, Seiwoon
Titel	Cohort Effects in Promotions and Wages: Evidence from Sweden and the United States
Quelle	In: Journal of Human Resources, 45 (2010) 3, S.772-808 (37 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0022-166X
Schlagwörter	Foreign Countries; Economic Climate; Labor Market; Economic Factors; Wages; Promotion (Occupational); Time Perspective; Context Effect; Cohort Analysis; Career Development; Sweden; United States + Suchen Sie Ihr Suchwort? Ausland; Wirtschaftslage; Labour market; Arbeitsmarkt; Ökonomischer Faktor; Wage; Löhne; Aufstiegsberuf; Berufsförderung; Zeitbezug; Kohortenanalyse; Berufsentwicklung; Schweden; USA
Abstract	This paper studies the long-term effects of the business cycle on workers' future promotions and wages. Using the Swedish employer-employee matched data, we find that a cohort of workers entering the labor market during a boom gets promoted faster and reaches higher ranks. This procyclical promotion cohort effect persists even after controlling for workers' initial jobs, and explains at least half of the wage cohort effects that previous studies have focused on. We repeat the same analyses using personnel records from a single U.S. company, and obtain the same qualitative results. (Contains 12 figures, 5 tables, and 21 footnotes.) (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10