Gorry, Aspen - In: Quantitative economics : QE ; journal of the … 7 (2016) 1, pp. 225-255
consistent with patterns found in the data. Moreover, workers with more past experience will on average have less wage volatility … on new jobs, which is also consistent with the data. In contrast to the fact that the cross-sectional wage distribution … fans out with experience, this second result implies that individual wage changes become more predictable. …