Are Individuals Optimizing Their Wage Path?An Analysis Using Linked Employer-Employee Data

This paper examines employer-to-employer mobility by describing theindividual wage trajectories along the working career. The model, whichis designed to introduce optimal between-firm mobility, is based on thesearch, the matching, and the human capital theory. It is emphasizedthat hopping from one wage trajectory to another by mobility may beaccompanied with wage losses. An empirical review of the model extractsinformation on whether the between-firm mobility wage trajectory exceedsthe within-firm wage path.[...]