We provide empirical support for the contention that within-job wage growth relates purely to job-specific performance and that returns to general experience are assessed at the point of job change. Using the British New Earnings Survey panel data we identify job changes that take place both...

An important policy issue is whether the National Minimum Wage (NMW) introduced in Britain in April 1999, is a stepping stone to higher wages or traps workers in a low-wage no-wage cycle. In this paper we utilise the longitudinal element of the Labour Force Survey over the period 1999 to 2003 to...

We study the long-run effects of initial labor market conditions on wages for a large sample of male individuals entering the Austrian labor market between 1978 and 2000. We find a robust negative effect of unfavorable entry conditions on starting wages. This initial effect turns out to be quite...

Debate continues over whether job instability in the United States is rising, with data and measurement complicating the search for definitive answers. In this paper we compare two cohorts of young white men from the National Longitudinal Surveys (NLS), construct a rigorous measure of job...

Debate continues over whether job instability is rising in the United States, with data and measurement complicating the search for definitive answers. In this paper we compare two cohorts of young white men from the National Longitudinal Surveys (NLS), construct a rigorous measure of job...

Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...

Different countries display different patterns in labor mobility, promotion, earning distribution, and provision of firm-sponsored training. Although economists have developed many building-block models that allow them to analyze subsets of those labor market characteristics, few models predict...