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impact on the individuals' wages one year after graduation. However, there appears to be a partial catchup towards luckier …
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Using quarterly data for the U.K. from 1993 through 2012, we document that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. Moreover, the proportion of total hires that involves a career change for the worker also drops in recessions....
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different estimation methods and different types of data. We propose and apply an unconditional inference method that can be … applied to aggregate duration data. It does not require wage data, it is invariant to the way in which wages are determined … separate analyses for the USA, the UK, Germany and the Netherlands. We quantify the monopsony power due to search frictions and …
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