Experience, Performance, and Earnings / James L. Medoff, Katharine G. Abraham.

Format:

Book

Author/Creator:

Medoff, James L.

Contributor:

National Bureau of Economic Research.

Abraham, Katharine G.

Series:

Working Paper Series (National Bureau of Economic Research) no. w0278.

NBER working paper series no. w0278

Language:

English

Subjects (All):

Wages.

National Bureau of Economic Research.

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1980.

Cambridge : National Bureau of Economic Research, 1980.

Summary:

This study provides direct evidence concerning the relationship between experience and performance among managerial and professional employees doing similar work in two major U. S. corporations. The facts presented indicate that while, within grade levels, there is a strong positive association between experience and relative earnings, there is either no association or a negative association between experience and relative rated performance. If we are correct that the performance ratings given to managerial and professional employees in any grade level adequately reflect those employees' relative productivity in the year of assessment, the results imply that the human capital on-the-job training model cannot explain a substantial part of the ob-served return to labor market experience.

Notes:

Print version record

December 1980.