This discussion paper resulted in a publication in the <A HREF="http://personal.vu.nl/b.vander.klaauw/promotions.htm">'Journal of Population Economics'</A>, 2011, 24, 1513-1548. <P> We focus on the dynamic relation between wage increases, promotions and job changes. We relate our empirical analyses to the theoretical model of Gibbons and Waldman (1999). In the...</p></a>

We focus on the dynamic relation between wage increases, promotions and job changes. We relate our empirical analyses to the theoretical model of Gibbons and Waldman (1999). In the empirical analyses we use the Portuguese matched employer-employee data Quadros de Pessoal. We conclude from...