Altonji, Joseph G.; Williams, Nicolas - National Bureau of Economic Research (NBER) - 1997
), Altonji and Shakotko (1987) and Topel (1991) as well as a new PSID sample. Topel's use of a wage and a tenure that refer to … and Topel points to an effect of ten years of tenure on the log wage equal to .11, which is above AS's preferred estimate … of .066 but far below Topel's estimate. However, this estimate is probably biased upward by the wage measure used in all …