This book explores the relationship between job duration, seniority, and earnings. Drawing on research in labor economics, the authors provide a comprehensive guide to understanding the factors that influence earnings over time. Economists and researchers will find this book to be an essential resource.
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Compares labour adjustment practices in the US, where existing policies arguably encourage layoffs, with those in Germany, which has much stronger job protection for workers. The authors assess whether US workers can be offered more secure employment without burdening the companies employing them.