Audoly, Richard; De Pace, Federica; Fella, Giulio - 2022
High-tenure workers losing their job experience a large and prolonged fall in wages and earnings. The aim of this paper …-employment. The model is estimated on German Social Security data. By jointly matching moments related to workers' mobility and wages …, the model can replicate the size and persistence of the losses in earnings and wages observed in the data. We find that …