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- Publisher Website: 10.1093/restud/rdac067
- WOS: WOS:000870787700001
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Article: Career Spillovers in Internal Labor Markets
Title | Career Spillovers in Internal Labor Markets |
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Authors | |
Issue Date | 2022 |
Citation | The Review of Economic Studies, 2022 How to Cite? |
Abstract | This paper studies career spillovers across workers, which arise in firms with limited promotion opportunities. We exploit a 2011 Italian pension reform that unexpectedly tightened eligibility criteria for the public pension, leading to sudden, substantial, and heterogeneous retirement delays. Using administrative data on Italian private-sector workers, the analysis leverages cross-firm variation to isolate the effect of retirement delays among soon-to-retire workers on the wage growth and promotions of their colleagues. We find evidence of spillover patterns consistent with older workers blocking the careers of their younger colleagues, but only in firms with limited promotion opportunities. |
Persistent Identifier | http://hdl.handle.net/10722/320730 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Bianchi, N | - |
dc.contributor.author | Bovini, G | - |
dc.contributor.author | Li, J | - |
dc.contributor.author | Paradisi, M | - |
dc.contributor.author | Powell, M | - |
dc.date.accessioned | 2022-10-21T07:58:47Z | - |
dc.date.available | 2022-10-21T07:58:47Z | - |
dc.date.issued | 2022 | - |
dc.identifier.citation | The Review of Economic Studies, 2022 | - |
dc.identifier.uri | http://hdl.handle.net/10722/320730 | - |
dc.description.abstract | This paper studies career spillovers across workers, which arise in firms with limited promotion opportunities. We exploit a 2011 Italian pension reform that unexpectedly tightened eligibility criteria for the public pension, leading to sudden, substantial, and heterogeneous retirement delays. Using administrative data on Italian private-sector workers, the analysis leverages cross-firm variation to isolate the effect of retirement delays among soon-to-retire workers on the wage growth and promotions of their colleagues. We find evidence of spillover patterns consistent with older workers blocking the careers of their younger colleagues, but only in firms with limited promotion opportunities. | - |
dc.language | eng | - |
dc.relation.ispartof | The Review of Economic Studies | - |
dc.title | Career Spillovers in Internal Labor Markets | - |
dc.type | Article | - |
dc.identifier.email | Li, J: jli1@hku.hk | - |
dc.identifier.authority | Li, J=rp02406 | - |
dc.identifier.doi | 10.1093/restud/rdac067 | - |
dc.identifier.hkuros | 339782 | - |
dc.identifier.isi | WOS:000870787700001 | - |