Wages, Experience and Seniority
工资、工作经验与任职年限AI 解读 ↓
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AI 根据所提供的论文材料归类:摘要明确利用企业关闭作为识别策略,以区分工作经验和不同任职年限对工资的贡献。
工资、工作经验与任职年限AI 解读 ↓
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In this paper we study the sources of wage growth. We identify the contribution to such growth of general, sector specific and firm specific human capital. Our results are interpretable within the context of a model where the returns to human capital may be heterogeneous and where firms may offer different combinations of entry level wages and firm specific human capital development. We allow for the possibility that wages are match specific and that workers move jobs as a result of identifying a better match. To estimate the average returns to experience, sector tenure and firm specific tenure within this context, we develop an identification strategy which relies on the use of firm closures. Our data source is a new and unique administrative data-set for Germany that includes complete work histories as well as individual characteristics. We find positive returns to experience and firm tenure for skilled workers. The returns to experience for unskilled workers are small and insignificant after 2 years of experience. Their returns to sector tenure are also zero. However, their returns to firm tenure are substantial. Copyright 2005, Wiley-Blackwell.