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Identifier to cite or link to this item: https://hdl.handle.net/10086/13596

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Title
Deferred Compensation: Evidence from Employer-Employee Matched Data from Japan
Creator
Creator Name
Fukao, Kyoji Fukao, Kyoji
深尾, 京司 深尾, 京司
フカオ, キョウジ フカオ, キョウジ
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Kambayashi, Ryo Kambayashi, Ryo
神林, 龍 神林, 龍
カンバヤシ, リョウ カンバヤシ, リョウ
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Kawaguchi, Daiji Kawaguchi, Daiji
川口, 大司 川口, 大司
Creator Name
Kwon, Hyeog Ug Kwon, Hyeog Ug
Creator Name
Kim, Young Gak Kim, Young Gak
金, 榮愨 金, 榮愨
Creator Name
Yokoyama, Izumi Yokoyama, Izumi
横山, 泉 横山, 泉
ヨコヤマ, イズミ ヨコヤマ, イズミ
Editor
Contributor Name
社会科学における統計分析拠点構築 = Research Unit for Statistical Analysis in Social Sciences
Key Word
Wage
Productivity
Employer-Employee Matched Data
Japan
JEL
J24
J31
Abstract
Wage increases, along with job tenure, are one of the most robust empirical regularities found in labor economics. Several theories explain these empirical regularities, and such theories offer sharp empirical predictions for the relation between productivity-tenure and wage-tenure profiles. The human capital model, with cost and benefit sharing between workers and employers, predicts a steeper productivity-tenure profile than wage-tenure profile. The matching quality model predicts that the two profiles will overlap. Theories that involve the information asymmetry between employers and employees predict a steeper wage-tenure profile than productivity-tenure profile to induce workers' effort and enhance efficiency. This paper estimates the productivity-tenure profile and the wage-tenure profile by estimating the plant-level production function and the wage equation using employer-employee matched data from Japan. These estimations offer a comprehensive test for the relative applicability of the two theories on the wage-tenure profile. Estimation results indicate a steeper wage-tenure profile than productivity-tenure profile and point to the relative importance of the deferred wage payment contract.
Publisher
Institute of Economic Research, Hitotsubashi University
Issued Date
2006-10
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Hi-Stat Discussion paper series, No. 187
Sponsorship
21世紀COEプログラム = 21st-Century COE Program
Appears in Collections
Hi-Stat Discussion paper series
URL
https://hdl.handle.net/10086/13596