Buhai, Sebastian; Portela, Miguel; Teulings, Coen; van … - Institute for the Study of Labor (IZA) - 2008
, are the first to leave the firm (Last In, First Out; LIFO). Second, workers' wages rise with seniority (= a worker … to seniority in wages. Efficiency in hiring requires the workers' bargaining power to be in line with their share in the …IZA DP No. 3302
Returns to Tenure or Seniority?
Sebastian Buhai
Miguel Portela
Coen Teulings
Aico van Vuuren
DISCUSSION …