Altonji, Joseph G.; Pierret, Charles R. - National Bureau of Economic Research (NBER) - 1997
productivity of new workers, they may choose to use easily observable characteristics such as years of education to 'statistically … productivity and the interaction between experience and a variable that firms can easily observe, such as years of education. We … wage coefficient on education should fall. We investigate this proposition using panel data on education, the AFQT test …