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Title: Wage Growth and Endogenous Experience
Resulting in 1 citation.
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Kahn, Lawrence M. |
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Wage Growth and Endogenous Experience Industrial Relations: A Journal of Economy and Society 19,1 (January 1980): 50-63. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1468-232X.1980.tb00152.x/abstract Cohort(s): Young Men, Young Women Publisher: Institute of Industrial Relations, University of California, Berkeley Keyword(s): Business Cycles; Endogeneity; Job Tenure; Marital Status; Military Service; Wage Growth; Work Experience Permission to reprint the abstract has not been received from the publisher. This study uses the NLS of Young Men and Women to estimate the effect of the accumulation of employment experience on wage growth. Unlike previous work on wage growth, the endogeneity of experience is explicitly taken into account through the use of two-stage least squares. Comparison of OLS and 2SLS suggests the existence of a reciprocal impact between wage growth and experience. In addition, the effects of business cycle conditions on wage growth are examined by race-sex group. Knowledge of such effects can be useful in evaluating the impact of a full-employment national economic policy on labor market inequality. |
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Bibliography Citation
Kahn, Lawrence M. "Wage Growth and Endogenous Experience." Industrial Relations: A Journal of Economy and Society 19,1 (January 1980): 50-63.
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