below-average wages years later). We argue that task-specific human capital is a realistic concept and may have many …

these wage increases are small relative to the difference between average wages across levels of a job ladder. Fourth, on …

's inference process declines as performance observations accumulate, the estimated effect of schooling on the level of wages is … are increasingly correlated with wages as experience increases; wage residuals are a martingale; and wage cuts -are not …