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Two of the most important aspects of a job are how much it pays and
how long it is likely to last. Empirical models of the determination and
distribution of wages are plentiful. In Discussion Paper No. 1098,
Research Fellow Simon Burgess and Hedley Rees examine 17
years of a large cross-section to build up a picture of job tenure in
Britain. They examine the evolution of the distribution of tenure over
time, and consider differences between population groups at each date.
They first question how the distribution of job tenure changes over the
business cycle. Second, they look for any secular changes in the job
tenure distribution. Lastly, they examine job tenure for different
sub-groups of the population. |