Buchinsky, Moshe; Fougère, Denis; Kramarz, Francis; … - Center for Applied Economics and Policy Research … - 2008
In this paper, we follow on the seminal work of Altonji and Shakotko (1987) and Topel (1991) and reinvestigate the returns to seniority in the U.S. These papers specify a wage function, in which workers’ wages can change through two channels: (a) returns to their seniority; and (b) returns to...