Kang, Dongik; Kimball, Miles S. - National Bureau of Economic Research - 2023
seniority evolves over the worker's tenure with the firm and how it affects wages, effort, monitoring intensity and separation … rates. We also show how earnings loss from unemployment reflects seniority and how optimal monitoring intensity, amenities … seniority. We provide a precise measure of seniority as a ratio of co-state variables and illustrate how this measure of …