Perhaps it does. We propose a model in which workers with little education or in the tails of the age distribution - the inexperienced and the old - have more chance of job failure (mismatch). Recruits’ average education should then increase and the standard deviation of starting age decrease...

We examine the dynamic role of education and experience as determinants of wages. It is hypothesized that an employee's education is an important signal to the employer initially. Over time, the returns to schooling should decrease with labor market experience and increase with initially...

Based on a large employer-employee matched data set, the paper investigates the effects of variable enforcement of German dismissal protection legislation on the employment dynamics in small establishments. Specifically, using a difference-in-differences approach, we study the effect of changes...