This paper studies the role of worker learning in a labor market where workers have incomplete information about the … experience. Allowing workers to learn from experience generates a decline in job finding probabilities with age that is … consistent with patterns found in the data. Moreover, workers with more past experience will on average have less wage volatility …

This paper extends the literature on learning in labor markets by parameterizing the amount of learning that transfers … across jobs. Previous models have assumed that learning is either job specific as in Jovanovic (1979) or perfectly … transferable across jobs as in Gibbons et al. (2005). By allowing some but not all learning to be transferred, this model generates …

and experience of employees. This is an important extension of the literature on job creation and destruction, because the …

and experience of employees. This is an important extension of the literature on job creation and destruction, because the …

hinges on prior job experience. Introducing sales-based performance pay for district- and later for store-managers, we find … performance pay decreases with experience and may even vanish in the limit. We provide empirical evidence in line with this … hypothesis, for instance, finding positive treatment effects (only) in stores with low job experience. …