Altonji, Joseph G; Shakotko, Robert A - In: Review of Economic Studies 54 (1987) 3, pp. 437-59
Many previous studies have found a strong positive effect of job seniority (tenure) on wag es. This paper reexamines the evidence using a simple instrumental va riables scheme to deal with the fact that tenure is likely to be rela ted to unobserved individual and job characteristics that affect...