Theory and evidence in internal labor markets

Michael Waldman ()

MPRA Paper from University Library of Munich, Germany

Abstract: A number of branches of the literature on internal labor markets have matured to the point that there is now a healthy two-way interaction between theory and empirical work. In this survey I consider two of these branches: i) wage and promotion dynamics; and ii) human-resource practices. For each case I describe the empirical and theoretical literatures and also discuss what we can learn by paying careful attention to how theoretical and empirical findings are related. In addition to surveying the literatures on these two topics, my goal is to show how a deeper understanding of internal-labor-market phenomena can be derived from a close partnering of empirical and theoretical research.

Keywords: internal labor markets; wage and promotion dynamics; human resource practices (search for similar items in EconPapers)
JEL-codes: J5 J3 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab
Date: 2007-10-01

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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:5113

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