This paper jointly analyses the consequences of adverse selection and signalling on entry wages of skilled employees. It uses German linked employer employee panel data (LIAB) and introduces a measure for relative productivity of skilled job applicants based on apprenticeship wages. It shows...

Market imperfections may cause firms and workers to under-invest in specific training. This paper shows that profit sharing may be a suitable instrument to enhance specific training investments, either by enhancing wage flexibility or by increasing the returns to training. As a result, profit...

In this study we focus on differences in careers and wage development between white-collar workers. We are interested in the questions of which factors contribute to these differences and at what stage of the career they occur. Furthermore, we investigate the wage effects of the different types...

This paper links a worker's propensity to change jobs to her schooling choices. A model of the choice of graduate management program type based on job search theory predicts that more mobile workers are more likely to enroll in a full-time Master of Business Administration program. The study...

This paper links inherent mobility to observed schooling choices. A job search model with graduate education predicts that more mobile workers are more likely to enroll in full-time MBA programs. Adding to the literature on employer-sponsored general training, the model predicts that employers...

This paper links inherent mobility to observed schooling choices. A job search model with graduate education predicts that more mobile workers are more likely to enroll in full-time MBA programs. Adding to the literature on employer-sponsored general training, the model predicts that employers...

In this study we focus on differences in careers and wage development between white-collar workers. We are interested in the questions of which factors contribute to these differences and at what stage of the career they occur. Furthermore, we investigate the wage effects of the different types...

Using stock market shocks to randomize the completion of a firm's liquidity event, I provide evidence that illiquid equity constrains labor mobility and talent allocation. I find that illiquidity reduces the mobility of employees with vested equity, while employees with unvested equity remain...

In this paper we document the wage structure and labor mobility in the Netherlands in theperiod 1999-2003. We explain the importance of wage-setting institutions in the Netherlandsand the main actors. The analyses are based on administrative sources allowing forcomparisons between and within...

Are high-ability individuals more likely to quit egalitarian regimes? Does the threat of exit by talented individuals restrict the redistributive capacity of democratic organizations? This paper revisits that long-standing debate by analyzing the interplay between compensation structure and quit...