This paper analyses the wage dynamics of migrants focussing on their human capital accumulation and how it is affected by potential return migration. We develop a life-cycle model describing labor market participation, wages, return decisions as well as two forms of human capital, work...

This paper analyzes the career progression of skilled and unskilled workers, with a focus on how careers are aected by economic downturns and whether formal skills, acquired early on, can shield workers from the eect of recessions. Using detailed administrative data for Germany for numerous...

This paper develops a model and derives novel testable implications of referral-based job search networks in which employees provide employers with information about potential job market candidates that they otherwise would not have. Using unique matched employer-employee data that cover the...