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Wiley InterScience

Economic Record

Economic Record

Volume 83 Issue 261, Pages 174 - 190

Published Online: 6 Jun 2007

Journal compilation © 2009 Economic Society of Australia



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The Age of Hiring and Deferred Compensation: Evidence from Australia
SCOTT J. ADAMS 1 and JOHN S. HEYWOOD 1*
  1 Department of Economics and Graduate Program in Human Resources and Labor Relations, University of Wisconsin–Milwaukee, Milwaukee, Wisconsin, USA
Correspondence: John S. Heywood, Department of Economics, University of Wisconsin–Milwaukee, PO Box 413, Milwaukee, WI 53201, USA. Email: heywood@uwm.edu
Copyright © 2007 The Economic Society of Australia
KEYWORDS
J13 • J33

ABSTRACT

The factors affecting age of hiring are estimated using Australian establishment data. Lower ages of new hires are associated with training and with workplaces using steeper tenure–wage profiles. Lower ages of hires are associated with steeper profiles throughout the age of hire distribution, whereas lower ages of hires are associated with the provision of training only among younger hires. Moreover, the evidence confirms that larger employers are more likely to hire younger workers but that lower ages of hire continue to be associated with steeper tenure–wage profiles even among larger employers. The robust role of the tenure–wage profile suggests that it is too early to conclude, as some have, that specific training is the paramount reason for the reduced hiring prospects of the old.


DIGITAL OBJECT IDENTIFIER (DOI)
10.1111/j.1475-4932.2007.00392.x About DOI

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