Reexamining the Wage, Tenure and Experience Relationship
利用适合的数据集，在纠正未观测异质性后发现，任期仅在就业头几年提高工资，而一般劳动力市场经验的累积效应在整个职业生涯中显著提升工资，表明特定人力资本积累的重要性低于一些人的看法。
Despite considerable empirical research, a debate still rages about the relative importance of tenure and experience in determining wages given the existence of unobserved heterogeneity. Using a data set well suited to this problem, the author finds after correcting for unobserved heterogeneity that tenure increases wages only in the first several years of employment. The accumulated effect of general labor-market experience increases wages substantially over the career. This evidence suggests that specific human capital accumulation is relatively less important than some might believe. This result is robust to different estimation techniques that have been suggested in the literature. Copyright 1991 by MIT Press.