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

Cohort Effects in Promotions and Wages: Evidence from Sweden and the United States 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resources University of Wisconsin Press

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

Journal of Human Resources , Volume 45 (3) – Apr 4, 2010

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Publisher
University of Wisconsin Press
Copyright
Copyright © University of Wisconsin Press
ISSN
1548-8004
Publisher site
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Abstract

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.

Journal

Journal of Human ResourcesUniversity of Wisconsin Press

Published: Apr 4, 2010

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