TY  - RPRT
        AU  - Addison, John T.
AU  - Portugal, Pedro
AU  - Raposo, Pedro
        TI  - Retrieving the Returns to Experience, Tenure, and Job Mobility from Work Histories
        PY  - 2023/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15977
        UR  - https://www.iza.org/publications/dp15977
        AB  - Using a unique Portuguese linked employer-employee dataset, this paper offers an extension of the standard Mincerian model of wage determination by allowing for different returns to experience and tenure over the sequence of jobs that constitute a career. We also consider the possibility of distinct wage hikes each time workers change jobs, where such uplifts reflect the returns to job search investments over the life cycle and shape the curvature of the earnings profile. 
We further investigate how worker, firm, and job match heterogeneity influence the returns to mobility, experience, and tenure. The returns to job mobility are found to reflect sorting into better job matches. Moreover, the estimated returns to experience are upwardly biased because more productive workers tend to be more experienced.

        KW  - returns to tenure
KW  - returns to experience
KW  - job mobility
KW  - high-dimensional fixed effects
KW  - job match fixed effect
KW  - job match quality effect
        ER  -