Kwon, Illoong; Milgrom, Eva Meyersson; Hwang, Seiwoon - University at Albany, SUNY, Department of Economics - 2008
This paper studies the long-term effect of the business cycle at the time workers enter the labor market on workers?future promotions and wages. Using the Swedish employer-employee matched data, we find that a cohort of workers entering the labor market during a boom gets promoted faster and...