less experienced traders. As in a fraction of the uniform-experience literature, lack of short-selling makes room for the … success of such bubble schemes. This previous literature did not allow for persistent effects of experience on beliefs and …, instead, relied on more direct assumptions of belief heterogeneity. Although we map experience into beliefs in a specific way …

less experienced traders. As in a fraction of the uniform-experience literature, lack of short-selling makes room for the … success of such bubble schemes. This previous literature did not allow for persistent effects of experience on beliefs and …, instead, relied on more direct assumptions of belief heterogeneity. Although we map experience into beliefs in a specific way …

almost double during the first 20 years of labor market experience and that there are substantial gender differences in …

general labor market experience. The studies focus on the heterogeneity in wage determinants in the private and the public … results, we find clear differences in returns to experience between East and West and by employer size. …

that (1) the number as well as the magnitude of drawdowns decreases with increasing experience of the FHF, (2) the average …

What are the sources of wage growth in developing countries? In the US, general labor market experience is the key … is 24 to 29%, which is higher than the return to experience. Furthermore, we estimate a 35% return to ten years of tenure …