Audoly, Richard; De Pace, Federica; Fella, Giulio - 2022
High-tenure workers losing their job experience a large and prolonged fall in wages and earnings. The aim of this paper … endogenous rate due to idiosyncratic productivity shocks and the skills of workers depreciate during periods of non-employment …. The model is estimated on German Social Security data. By jointly matching moments related to workers' mobility and wages …