Wage Dynamics and Returns to Unobserved Skill
---- Acknowledgments ----
For their valuable comments, we thank Pat Bayer, Magne Mogstad, Fabrizio Perri, Gianluca Violante and Thomas Lemieux as well as seminar/conference participants at the Bank of Canada, Duke University, Hitotsubashi University, University of Maryland, NYU, University of Rochester, University of Western Ontario, Yonsei University, the 2017 Applied Micro Workshop in Oslo, and 2017 Annual Meetings of the Canadian Economics Association and the Society for Economic Dynamics. This research was supported by a grant from Canada's Social Sciences and Humanities Research Council. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.