Salaries and promotion opportunities in the English banking industry, 1890–1936

Wage policy patterns at the firm level: an analysis on Italian medium and large firms

“…Personnel files from large companies have been used to characterise the wage policy of single firms or a reduced number of firms over time (Baker et al, 1994;Seltzer and Merret, 2000;Lin, 2005;Grund, 2005;Seltzer, 2010). Contributions based on personnel data highlight the stability of wage policy in time (Baker et al, 1994), the relevance of the institutional setting (Grund, 2005;Seltzer, 2010) and the co-existence of typical features of the internal labour market with contrasting practices such as external recruitment at higher hierarchical levels (Baker et al, 1994;Seltzer, 2010).…”

“…Contributions based on personnel data highlight the stability of wage policy in time (Baker et al, 1994), the relevance of the institutional setting (Grund, 2005;Seltzer, 2010) and the co-existence of typical features of the internal labour market with contrasting practices such as external recruitment at higher hierarchical levels (Baker et al, 1994;Seltzer, 2010). Following the pioneer contribution by Medoff and Abraham (1981), some researchers used personnel data to test the neoclassical prediction that wage increases reflect growth in employee productivity (Lazear, 1998;Flabbi and Ichino, 2001;Dohmen, 2004).…”

Wage policy patterns at the firm level: An analysis of medium and large Italian firms

“…Personnel files from large companies have been used to characterize the wage policy of single firms or a reduced number of firms over time (Baker, Gibbs and Holmstrom 1994;Seltzer and Merret 2000;Lin 2005;Grund 2005;Seltzer 2010). Contributions based on personnel data highlight the stability of wage policy in time (Baker, Gibbs and Holmstrom 1994), the relevance of the institutional setting (Grund 2005;Seltzer 2010) and the co-existence of typical features of the internal labour market with contrasting practices such as external recruitment at higher hierarchical levels (Baker, Gibbs and Holmstrom 1994;Seltzer 2010).…”

“…Contributions based on personnel data highlight the stability of wage policy in time (Baker, Gibbs and Holmstrom 1994), the relevance of the institutional setting (Grund 2005;Seltzer 2010) and the co-existence of typical features of the internal labour market with contrasting practices such as external recruitment at higher hierarchical levels (Baker, Gibbs and Holmstrom 1994;Seltzer 2010). Following the pioneer study by Medoff and Abraham (1981), some researchers used personnel data to test the neoclassical prediction that wage increases reflect growth in employee productivity (Lazear 1998;Flabbi and Ichino 2001;Dohmen 2004).…”

The Value of Transferable Skills

“…The sector-specific empirical analysis provided in this paper focuses on the retail banking industry, highly regulated in the past (Seltzer, 2010;Monteiro, 2009;Seltzer and Frank, 2007;Eriksson and Werwatz, 2005;Seltzer and Merrett, 2000) and more recently exposed to intense institutional, technological and organisational change (Buzzacchi et al, 1995;Hunter et al, 2001;Gelade and Ivery, 2003). The accelerated industrial dynamics, characterised by new entries, mergers and acquisitions, and the digitalisation of labour flows, involving both competence-enhancing and competence-destroying change, emphasise the importance of skill transferability for long-term employability of the labour force in retail banking.…”