job titles, wage rates, and earnings for all employees. We examine initial job assignments, mobility between departments … departments and jobs within the firm as a Markov process. The estimated transition probabilities imply that expected seniority is …

, 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 …

criteria can ration visas on one or more characteristics that enhance labor market earnings (e.g., education), or on …

traditional skill measures such as experience, tenure, on-the-job-training, and further education. In sum, our results clearly …

disadvantage in urban labor market is compensated by their higher job mobility. After four jobs, the expected earnings …