1 option
Career Spillovers in Internal Labor Markets / Nicola Bianchi, Giulia Bovini, Jin Li, Matteo Paradisi, Michael L. Powell.
- Format:
- Book
- Author/Creator:
- Bianchi, Nicola.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w28605.
- NBER working paper series no. w28605
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- This paper studies career spillovers across workers, which arise in firms with limited promotion opportunities. We exploit a 2011 Italian pension reform that unexpectedly tightened eligibility criteria for the public pension, leading to sudden, substantial, and heterogeneous retirement delays. Using administrative data on Italian private-sector workers, the analysis leverages cross-firm variation to isolate the effect of retirement delays among soon-to-retire workers on the wage growth and promotions of their colleagues. We find evidence of spillover patterns consistent with older workers blocking the careers of their younger colleagues, but only in firms with limited promotion opportunities.
- Notes:
- Print version record
- March 2021.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.