considerable growth in earnings; others can hardly maintain their entry salaries. This article sheds light on the mechanisms … generating the observed heterogeneity in earnings progression by investigating the effects of on-the-job human capital … acquisition, explicit short-run incentives and career concern incentives on earnings progression. The model leads to predictions …

While it is well established that both promotions within firms and mobility across firms lead to significant earnings …, appear modest when compared with the persistent impact on earnings growth of promotions (either within or across firms) and …

Promotions and cross-firm mobility provide substantial gains in earnings - a well established finding based on gross …