Bauer, Anja; Lochner, Benjamin - 2016
Using administrative data from Germany, this paper analyzes the relation between wages and past and current labor …/DiNardo, 1991) or a matching model with on-the-job search and cyclical selection (Hagedorn/Manovskii, 2013). The data suggests that … wages are related to past labor market conditions as contract theories postulate. However, past labor market conditions also …