Fitzenberger, Bernd; Garloff, Alfred - In: Journal of Economics and Statistics (Jahrbuecher fuer … 227 (2007) 2, pp. 115-152
Equilibrium search theory suggests that the wage distribution in a cross section of workers is closely related to labor market transitions and associated wage changes. Accordingly, job-to-job transitions are central in explaining the wage distribution. This paper usese the IAB employment...