Audoly, Richard; De Pace, Federica; Fella, Giulio - 2023
High-tenure workers losing their job experience a large and prolonged fall in wages and earnings. The aim of this paper … market with (i) on-the-job search, (ii) general human capital, and (iii) firmspecific human capital. Jobs are destroyed at an … the loss of a job with a more productive employer is the primary driver of the cumulative wage losses following …