, are the first to leave the firm (Last In, First Out; LIFO). Second, workers’ wages rise with seniority (= a worker …’s tenure relative to the tenure of her colleagues). We seek to explain these regularities by developing a dynamic model of the … to seniority in wages. Efficiency in hiring requires the workers’ bargaining power to be in line with their share in the …

We study the effect of tenure on earnings instability in Italy using two alternative estimation strategies. First we … earnings dynamics distinguishing permanent from transitory earnings, and exploit variation of tenure and instability over time … temporary contracts (short-tenure contracts). Our results indicate that each year of tenure on the job reduces earnings …

This paper investigates equilibria in a labor market where firms post wage/tenure contracts and risk-averse workers … endogenously over time through experience effects, tenure effects and quits to better paid employment. This equilibrium approach … suggests how to identify econometrically between experience and tenure effects on worker wages. …

Using an agency model, we show how delegation, by generating additional private information, improves dynamic …

This paper examines the performance of 358 European diversified equity mutual funds controlling for gender differences …. Fund performance is evaluated against funds’ designated market indices and representative style portfolios. Consistently … with previous studies, no significant differences in performance and risk are found between female and male managed funds …

problems in the home country, with a lesser factor being the weak performance of the foreign subsidiary. …

evaluate the performance of local government in the provision of local public services. The model employs a reduced set of …

manufacturing. Earnings losses are larger for individuals with low initial wages, low initial tenure, and low attachment to the …We analyze the effect of exposure to international trade on earnings and employment of U.S. workers from 1992 through … 2007 by exploiting industry shocks to import competition stemming from China’s spectacular rise as a manufacturing exporter …