Luchsinger, Cornelia; Wild, Jörg; Lalive, Rafael - CER-ETH Center of Economic Research, Department of … - 2001
Whether or not seniority has a substantial effect on wages has been the subject of much controversy in the past decade, mainly in the U.S. Several economists have noted that unobserved heterogeneity across individuals and across job matches may produce inconsistent OLS-estimates of the effect of...