Reexamining the Wage, Tenure and Experience Relationship
Abstract
Despite considerable empirical research, a debate still rages about the relative importance of tenure and experience in determining wages given the existence of unobserved heterogeneity. Using a data set well suited to this problem, the author finds after correcting for unobserved heterogeneity that tenure increases wages only in the first several years of employment. The accumulated effect of general labor-market experience increases wages substantially over the career. This evidence suggests that specific human capital accumulation is relatively less important than some might believe. This result is robust to different estimation techniques that have been suggested in the literature. Copyright 1991 by MIT Press.Download Info
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Bibliographic Info
Article provided by MIT Press in its journal Review of Economics & Statistics.
Volume (Year): 73 (1991)
Issue (Month): 3 (August)
Pages: 512-17
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Web page: http://mitpress.mit.edu/journals/
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
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- Maciej, Szelewicki & Tyrowicz, Joanna, 2009. "Labour Market Racial Discrimination in South Africa Revisited," MPRA Paper 16440, University Library of Munich, Germany.
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"Do Wages Rise with Job Seniority? The Swiss Case,"
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- Cornelia Luchsinger & Rafael Lalive & Jörg Wild, 2003. "Do Wages Rise with Job Seniority? The Swiss Case," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 139(II), pages 207-229, June.
- Michal Myck & Gillian Paull, 2004.
"The role of employment experience in explaining the gender wage gap,"
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W04/16, Institute for Fiscal Studies.
- Michal Myck & Gillian Paull, 2001. "The role of employment experience in explaining the gender wage gap," IFS Working Papers W01/18, Institute for Fiscal Studies.
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"Welfare-to-Work, Wages and Wage Growth,"
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1144, Institute for the Study of Labor (IZA).
- Reamonn Lydon & Ian Walker, 2005. "Welfare to work, wages and wage growth," Fiscal Studies, Institute for Fiscal Studies, vol. 26(3), pages 335-370, September.
- Nicolas Williams, 2004.
"Seniority, Experience, and Wages in the UK,"
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2004-06, University of Cincinnati, Department of Economics.
- Williams, Nicolas, 2009. "Seniority, experience, and wages in the UK," Labour Economics, Elsevier, vol. 16(3), pages 272-283, June.
- Joseph G. Altonji & Nicolas Williams, 1992. "The Effects of Labor Market Experience, Job Seniority, and Job Mobility on Wage Growth," NBER Working Papers 4133, National Bureau of Economic Research, Inc.
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