Tenure and Experience Effects on Wages: A Theory

摘要: This paper investigates equilibria in a labor market where firms post wage/tenure contracts and risk-averse workers, both employed unemployed, search for better paid job opportunities. Different typically offer different contracts. Workers accumulate general human capital through learning-by-doing. With on-the-job search, worker�??s wage evolves endogenously over time experience effects, tenure effects quits to employment. equilibrium approach suggests how identify econometrically between on worker wages.