Buchinsky, Moshe; Fougère, Denis; Kramarz, Francis; … - 2008
, and the value function
at the beginning of period t +1is V
t+1
(1,1;X
t+1
).
For a “stayer”, i.e., a participant who stays … correlated with
prior job tenure. He goes on to argue that this phenomenon can stem from one of two potential
explanations: (a …
CAEPR Working Paper
#2008-006
Interfirm Mobility, Wages, and the Returns to
Seniority and Experience in …