Friedberg, Leora; Owyang, Michael T.; Sinclair, Tara M. - Federal Reserve Bank of St. Louis - 2006
errors are our own.
yCorresponding author. Department of Economics; University of Virginia and NBER; P.O. Box 400182 …, but residual
tenure has declined steadily if we control for business cycle e�ects.
7The wording and organization of … Figure 3 shows the di�erence
between residual wages, after controlling for demographics and then business cycle e�ects
as …