, are the first to leave the firm (Last In, First Out; LIFO). Second, workers’ wages rise with seniority (= a worker … to seniority in wages. Efficiency in hiring requires the workers’ bargaining power to be in line with their share in the …

, in particular the enforcement of seniority and subordination clauses in debt contracts. …

This paper uses a new data source to investigate whether wages rise more with seniority in unionized or non …-unionized workplaces. The data distinguish workers who are covered by incremental wage scales with automatic progression by seniority. For … union workers with seniority scales, the union wage differential increases with seniority. This is not the case for union …

This paper uses the British Household Panel Survey to investigate when seniority is rewarded by automatic incremental …

Plan, which gave commercial credits seniority over reparations. I argue that the Young Plan of 1929 implied a reversal of … this seniority scheme, causing a sudden stop and reversal in the German balance of payments that lasted throughout the …

observable innate ability affects the variety of tasks that can be performed within a firm. This gives monopsony power to firms …. Since the degree of monopsony power is increasing with task complexity, firms whose workforces undertake more sophisticated …