Buhai, I. Sebastian; Portela, Miguel A.; Teulings, Coen N. - In: Econometrica 82 (2014) 2, pp. 705-730
This study documents two empirical facts using matched employer–employee data for Denmark and Portugal. First, workers who are hired last, are the first to leave the firm. Second, workers' wages rise with seniority, where seniority is defined as a worker's tenure relative to the tenure of his...