, 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 …

We investigate the relationship between the slope of the wage-tenure profile and the level of monitoring across two … a decline in the slope of the wage-tenure profile. Our empirical analysis provides strong support for this prediction. …

the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …, earnings, assets and consumption. We focus on the importance of family labour supply as an insurance mechanism to wage shocks …

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. …

explain approximately 50 per cent of the differences in expected individual earnings across regions, while differences in …

the Mincer equation where no equality is imposed but an adjustment between observed and potential earnings is allowed to …