heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of … important questions in labor economics, including the source of the experience profile of wages, the response of job changes to …-specific error components in wages and hours …

In this paper we develop and estimate a factor model of the earnings, labor supply, and wages of young men and young … primarily due to preferences rather than to labor supply responses to family similarities in wages. The wage factors of the … father and mother influence the wages of both sons and daughters. A `sibling' wage factor also plays an important role in …

The extent to which wages rise with the accumulation of seniority(tenure) in a firm after one controls for total labor …, positive partial effect of tenure on wages. This paper re-examines the evidence using a simple instrumental variables scheme to … term of the wage equation. Our main findingis that the partial effect of tenure on wages is small, and that general labor …

, father's education, and wages for young men and their siblings from NLSY. We also examine the empirical implications of …

, father's education, and wages for young men and their siblings from NLSY. We also examine the empirical implications of …