A Closed Model of Careers in a Simple Hierarchy

Robert Cooter and Rodrigo Restrepo

Bell Journal of Economics, 1979, vol. 10, issue 2, 526-548

Abstract: A vertically differentiated labor market can be viewed longitudinally as careers or in cross section as hierarchy. The equilibrium structure results from simultaneous choice of careers by individuals and hierarchy by firms. We compare steady states in a model which is simple because there are only two levels of hierarchy; simplicity enables us to close the model by permitting firms to choose how many seniors and juniors to employ, while individuals simultaneously choose how long to persist at the lower rank before quitting. The model generates testable predictions about careers and hierarchy.

Date: 1979
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://links.jstor.org/sici?sici=0361-915X%2819792 ... O%3B2-4&origin=repec full text (application/pdf)
Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rje:bellje:v:10:y:1979:i:autumn:p:526-548

Ordering information: This journal article can be ordered from
https://editorialexp ... i-bin/rje_online.cgi

Access Statistics for this article

More articles in Bell Journal of Economics from The RAND Corporation
Bibliographic data for series maintained by ().