Fitzenberger, Bernd (contributor); … - 2005
-
ductivity theory and human capital theory by focusing on search frictions as an expla-
nation for wage differences among workers … employed job seekers. It is intuitively clear that the more
often individuals are able to change jobs because of wage … differences, the more difficult
it is for firms to pay low wages since then they quickly lose their staff. This means
that the …