Buhai, Sebastian; Portela, Miguel; Teulings, Coen; van … - Institute for the Study of Labor (IZA) - 2008
's tenure relative to the tenure of her colleagues). We seek to explain these regularities by developing a dynamic model of the … the moment of separation). The LIFO rule provides a stronger bargaining position for senior workers, leading to a return … cost of specific investment. Then, the LIFO rule is a way to protect their property right on the specific investment. We …