We analyze the joint determination of wage levels, wage growth and firm tenure. Our analysis is built on estimating a … reduced form for tenure, a structural wage level equation and a structural wage growth equation. We disentangle returns to a … latent type variable from estimates of general returns to tenure and wage gains from job changes. This type is related to …

, 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 …

This paper reviews Jacob Mincer?s contributions to the analyses of earnings and the distribution of earnings through … theoretical literature on the distribution of earnings in the pre-Mincer period, and then discusses his analysis of human capital … and earnings developed in his 1957 doctoral dissertation and 1958 Journal of Political Economy (JPE) article. Further …

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

In 1958 Jacob Mincer pioneered an important approach to understand earnings distribution. In the years since Mincer … enhances earnings; why earnings rise at a diminishing rate throughout one?s life; why earnings growth is smaller for those …, the paper shows that Mincer?s original finding of a U-shaped (log) variance of earnings over the life cycle is upheld in …

performance related pay (PRP) flattens the pay-tenure profile. Wages and effort increase over the lifecycle, both with and without …

In 1958 Jacob Mincer pioneered an important approach to understand how earnings are distributed across the population … research explained why education enhances earnings; why earnings rise at a diminishing rate throughout one's life; why earnings … questions based on research emanating from Mincer's original earnings function specification. …

, tenure and the fact of using hourly or monthly wages. At this stage the use of the simple specification of the Mincer …

experienced in labor market earnings through wage dispersion and employment rate dispersion. We find a low degree of relative risk … low degree of risk aversion implies that an increase in earnings dispersion would have little effect on schooling …