IZA Summer School 2009 - PRELIMINARY DRAFT Sources of Wage Growth and Returns to Tenure in Italy
نویسنده
چکیده
This paper estimates the returns to experience and job tenure using a simultaneous equation model that accounts for the potential endogeneity of seniority in the wage determination process. It uses panel data for Italian workers’ histories based on social security records, for the years 1985-1999. This dataset has not been used for this research purpose to this date. The hypothesis of exogeneity of seniority can be tested and is rejected due to endogeneity of the match effect. The first two years on the job are associated with a two percent yearly wage increase. Effects of seniority are very small afterwards.
منابع مشابه
Wage Growth and Job Mobility in the U.K. and Germany
Wage Growth and Job Mobility in the U.K. and Germany This paper investigates job mobility and estimates the returns to tenure and experience in the United Kingdom and Germany. We show evidence that job mobility is higher in the UK than in Germany, and that job movers may be negatively selected in Germany, but not in the UK. Our findings suggest that returns to experience are substantially highe...
متن کاملWages, experience and seniority
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 f...
متن کاملReturns to Tenure and Experience Revisited--Do Less Educated Workers Gain Less from Work Experience?
This paper explores whether within job and between job wage growth is lower for less-educated workers. While a simple model of heterogeneous learning ability predicts that individuals with low learning ability will have flatter wage profiles, this prediction has been largely ignored in the recent welfare reform debates. The key econometric problem in estimating returns to tenure and experience ...
متن کاملDifferences in Wage Growth by Education Level: Do Less-Educated Workers Gain Less from Work Experience?
Differences in Wage Growth by Education Level: Do Less-Educated Workers Gain Less from Work Experience? This paper revisits the old question of whether wage growth differs by education level. Do more educated workers invest more than less educated workers in firm specific, sector specific or general human capital? Do they gain more from improved job match? The paper makes both a methodological ...
متن کاملDi¤erences in Wage Growth by Education Level Do LessEducated Workers Gain Less from Work Experience?
This paper revisits the old question of whether wage growth di¤ers by education level. Do more educated workers invest more than less educated workers in rm speci c, sector speci c or general human capital? Do they gain more from improved job match? The paper makes both a methodological and a substantive contribution by o¤ering an alternative strategy for separately identifying returns to gene...
متن کامل