, 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 …

of post-displacement earnings losses. Whereas skill shortages are associated with relatively quick returns to the … counterfactual earnings trajectories that displaced workers would have experienced absent displacement, skill redundancy sets … displaced workers on paths with permanently lower 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. …

acquisition, with important implications for the assessment of immigrants’ career paths and the estimation of their earnings …

positively self-selected in terms of education and earnings. We also find strong evidence of sorting: men who emigrate outside … Nordic countries are considerably better educated and have higher earnings and residual earning than men who emigrate to … Nordic countries. Most of the self-selection in terms of higher earnings can be explained by emigrants being more educated …