Garloff, Alfred; Fitzenberger, Bernd - In: Jahrbücher für Nationalökonomie und Statistik 227 (2007) 2, pp. 115-152
Summary Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor market transitions and associated wage changes. Accordingly, job-to-job transitions are central in explaining the wage distribution. This paper uses the IAB employment...