A model of the labour market under firing restrictions and endogenous quits is constructed. It is shown that in the spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment equilibrium coexisting with a high-quits/low-unemployment...

We examine 17 years of a large cross-section to build up a picture of job tenure in Britain. We show that men (women) can expect to hold their present job for about 18 (12) years. These summarize bimodal distributions, with one mode at short tenures, and one at very long tenures. We find some...

This paper provides a new way of analyzing tenure profiles in wages, by modelling simultaneously the evolution of wages and the distribution of tenures. Starting point is the observation that within-job log wages for an individual can be described by random walk. We develop a theoretical model...

This Paper presents new estimates of the impact of job tenure on wages using a new French matched worker-firm dataset. We develop an identification strategy that relies on one specific feature of the French labour laws. They stipulate that firms, when firing workers, must include as one of their...

Using data from the German socio-economic panel this paper analyses the labour market entrance of former apprentices, as well as of university and full-time school graduates. There are three main findings. First, the retention rate of apprentices in their training firms is fairly low. Second,...

This paper uses the retrospective work history data from the British Household Panel Survey to examine patterns of job mobility and job tenure for men and women over the twentieth century. British men and women hold an average of five jobs over their lifetimes, and one-half of all lifetime job...

There continues to be much debate about whether the widescale adoption of new technologies, and the increasing intensity of competition through globalization of product markets have lead to significant changes in job tenure distributions. Our previous work showed that this was not the case at...

Given a general belief that jobs last longer in tightly regulated labour markets, the presumption would be that jobs last longer in Italy than they do in Britain. We use two large micro datasets to address this issue. Surprisingly, we find a higher proportion of male workers in Britain than in...

Emigration of labour and its subsequent repatriation can best be understood as phases of an intertemporal exchange process, of a relatively abundant factor, namely unskilled labour, for a relatively scarce factor, namely capital. This capital flow initially consists of financial capital, that is...

Using a human-capital-based growth model, we show the essential role of labour mobility and cross-country tax harmonization in equalizing income levels of countries that start off from different initial income positions. Knowledge spillovers cum labour mobility are the driving forces behind the...