Rehiring, Seniority, and Labor Force Adjustment
研究资历在年龄-工资曲线上升和经济衰退时裁员而非降薪中的作用，发现按资历优先重新雇佣与最大化异质性劳动力生产率并不矛盾，且基于工资-生产率-资历上升段评估工人可靠性可降低后续离职率。
This paper examines the role of seniority in two interrelated phenomena-rising age-earnings profiles and the use of layoffs rather than wage adjustments during economic decline. The results suggest that rehiring based on a seniority-first criterion is not inconsistent with an approach that maximizes worker productivity within a heterogeneous labor force. Moreover, assessment of worker reliability based on the upward portion of the wage-productivity cum seniority locus is appropriate since it reduces subsequent turnover. Thus, an approach that combines human capital accumulation with Lazear-type deferred payments schemes explains much of long-term worker-firm attachment.