@TechReport{iza:izadps:dp336,
            	author={Lima, Francisco and Pereira, Pedro T.},
            	title={Careers and Wage Growth within Large Firms},
            	year={2001},
	month={Jul},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={336},
            	url={https://www.iza.org/publications/dp336},
	abstract={The relationship between the worker’s career path and wage growth is studied using a longitudinal sample of large firms. The econometric analysis shows that promoted workers receive a positive wage premium even if they stay in the same job level. Demotions are associated with negative wage premiums. The wage-career dynamics generates a U-shape to the wage premiums for promotions over the hierarchical ladder. In the context of the model discussed, this shape suggests a stronger learning and/or human capital accumulation effect at the bottom of the hierarchy and a stronger job assignment effect at the top.},
	keywords={wage growth;promotions;Careers},
            }