@inbook{d61a342ddc4e4005ad657abb16d42f1a,
title = "Wages, hours and human capital over the life cycle",
abstract = "We investigate wage-hours contracts within a four-period rent sharing model that incorporates asymmetric information. Distinctions are made among (a) an investment period, (b) a period in which the parties may separate (quits or layoffs) or continue rent accumulation and sharing, (c) a post investment period and, (d) retirement. We establish that increases in both wage rates and hours of work in the post-investment period serve to minimise sub-optimal separations and, moreover that both wage and hours schedules are concave. Testing is based on 13 waves of British Household Panel Survey from 1991 to 2003. {\textcopyright} Lucius & Lucius Verlagsgesellschaft mbH Stuttgart 2008. All rights reserved.",
author = "Hart, {Robert A.} and Yue Ma",
note = "This has also been published in: Hart, R. A., & Ma, Y. (2008). Wages, hours and human capital over the life cycle. Jahrbucher fur Nationalokonomie und Statistik, 228(5-6), 446-464. https://doi.org/10.1515/jbnst-2008-5-604",
year = "2008",
month = dec,
doi = "10.1515/9783110511680-004",
language = "English",
isbn = "9783110499452",
pages = "446--464",
editor = "Lutz Bellmann and Wolfgang Franz and Knut Gerlach and Reinhard Hujer and Wolfgang Meyer and Joachim Wagner",
booktitle = "Labormetrics",
publisher = "Lucius und Lucius Verlagsgesellschaft mbH",
address = "Germany",
}