The DOI matches its Crossref record.
The Internal Economics of the Firm: Evidence from Personnel Data
Abstract
We analyze twenty years of personnel data from one firm. The hierarchical structure is quite simple and stable. Career movements suggest that the employee's rate of learning and the firm's learning about ability are important. There are promotion “fast tracks.” Exit rates vary little with tenure or salary. The firm has personnel policies like those described in the internal labor markets literature, although several theoretical preconditions for ILMs, such as ports of entry and exit, are lacking. Job levels are important to compensation, but there is also substantial individual variation in pay within levels. Our companion paper (in this issue) explores the wage policy of this firm.
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Citations
Cited by
The Provision of Incentives in Firms
Prendergast, C. (1999) · Journal of Economic Literature · doi:10.1257/jel.37.1.7 · Cited by 3,338
Empirical Strategies in Labor Economics
Angrist, J. D., & Krueger, A. B. (1999) · Handbook of Labor Economics · doi:10.1016/s1573-4463(99)03004-7 · Cited by 1,628
What do Workplace Wellness Programs do? Evidence from the Illinois Workplace Wellness Study*
Jones, D., Molitor, D., & Reif, J. (2019) · The Quarterly Journal of Economics · doi:10.1093/qje/qjz023 · Cited by 403
LEFT BEHIND? THE IMPACT OF LEAVES OF ABSENCE ON MANAGERS' CAREER SUCCESS.
Judiesch, M. K., & Lyness, K. S. (1999) · Academy of Management Journal · doi:10.2307/256985 · Cited by 329
Labor Market Intermediaries and the New Paradigm for Human Resources
Bonet, R., Cappelli, P., & Hamori, M. (2013) · Academy of Management Annals · doi:10.5465/19416520.2013.774213 · Cited by 199
Metadata
- Authors
- Baker, G., Gibbs, M., & Holmstrom, B.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 1994-11-01
- Volume
- 109
- Issue
- 4
- Pages
- 881-919
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2073232297
- Cited by
- 843
- References
- 0
- FWCI
- 26.24
- Type
- journal article
- Language
- en
- Open access
- closed
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- Baker, G., Gibbs, M., & Holmstrom, B. (1994). The Internal Economics of the Firm: Evidence from Personnel Data. The Quarterly Journal of Economics. https://doi.org/10.2307/2118351
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
