Luchsinger, Cornelia; Wild, Jörg; Lalive, Rafael - CER-ETH Center of Economic Research, Department of … - 2001
step, we estimate returns to tenure and experience with the standard regression method, OLS. Subsequently, we apply the … delivers similar returns to tenure to OLS, i.e. about 8% within ten years of job seniority, while the Altonji/Shakotko method … delivers substantially lower returns (4%). (ii) Returns to tenure are minor in Switzerland compared to the U.S. …