A Sorting Model of Labor Contracts: Implications for Layoffs and Wage-Tenure Profiles
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This paper analyzes a sorting model of labor contracts when workers have private information about their own productivities, and firms can test (monitor) workers. We show that sorting considerations alone generate steep wage-tenure profiles, high turnover rates of newly hired workers, and mandatory
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美国国家经济研究局创建时间：
1990-09-01
