Burdett, Ken; Carrillo-Tudela, Carlos; Coles, Melvyn - 2015
the long-term wage costs of a job loss. In our framework, these costs occur due to losses in workers' human capital and … that firms post wage-tenure contracts as an optimal response to their employees' search behaviour and human capital … cost of job loss. Human capital losses exert a strong negative and permanent effect on future wages. The effects of workers …