, 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. …

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 …

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