This paper presents survey evidence from about 200 firms that protection against job loss grows with employees' length of service even after controlling for the perceived net value of employees to the firm. As would be expected, senior workers are better protected against permanent layoff in...

This paper presents survey evidence from about 200 firms that protection against job loss grows with employees' length of service even after controlling for the perceived net value of employees to the firm. As would be expected, senior workers are better protected against permanent layoff in...

As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the new economy, including inequality of earnings...

This paper studies the wage determination process for a group of managerial employees in a major U.S. airline. As would be expected, those with greater-than-average schooling, pre-company labor market experience, and company service receive greater-than-average earnings. The analysis also...