Buhai, Sebastian; Teulings, Coen - Nationalökonomisk Institut, Institut for Økonomi - 2005
This paper provides a new way of analyzing tenure profiles in wages, <p> by modelling simultaneously the evolution of wages and the distribution <p> of tenures. Starting point is the observation that within-job log wages for <p> an individual can be described by random walk. We develop a theoretical <p>...</p></p></p></p>