Martins, Pedro; Snell, Andy; Thomas, Jonathan P. - In: Journal of the European Economic Association 3 (2005) 2-3, pp. 350-359
In this paper we analyse a model in which firms cannot pay discriminate based on year of entry to the firm, and argue that the wage dynamics are consistent with the empirical results of Beaudry and DiNardo (1991). Their results have been interpreted as supporting a model in which workers are ex...
