General Education, Vocational Education, and Wage Growth over the Lifecycle

34 Pages Posted: 28 Jan 2010 Last revised: 15 Dec 2011

See all articles by Sylvain Weber

Sylvain Weber

University of Neuchatel - Institute for Research in Economics (IRENE)

Jean-Marc Falter

University of Geneva - Department of Economics

Date Written: December 8, 2011

Abstract

Using data from the Swiss Labor Force Survey (1998-2006), we estimate the wage returns to job tenure, general experience, occupational experience, and industrial experience. General labor market experience appears to be the far most important determinant of lifecycle wage growth, occupational experience having a positive but quantitatively weaker impact. When occupational experience is included in the wage equation, the returns to tenure and industrial experience become negligible and nonsignificant. Regarding education types, individuals with apprenticeship training constitute a special group. Their returns to general experience are lower than both those of the less- and the more-educated, even though their educational attainment places them in between. The type of education thus matters more than education length in determining wage growth.

Keywords: Returns to tenure, General experience, Occupational experience, Industrial experience, Job match, Education level

JEL Classification: J24, J31, M53

Suggested Citation

Weber, Sylvain and Falter, Jean-Marc, General Education, Vocational Education, and Wage Growth over the Lifecycle (December 8, 2011). Available at SSRN: https://ssrn.com/abstract=1543906 or http://dx.doi.org/10.2139/ssrn.1543906

Sylvain Weber (Contact Author)

University of Neuchatel - Institute for Research in Economics (IRENE) ( email )

A.-L. Breguet 2
Neuchatel, 2000
Switzerland
+41327181442 (Phone)

HOME PAGE: http://www2.unine.ch/irene/lang/en/collaborateurs/sylvain_weber

Jean-Marc Falter

University of Geneva - Department of Economics ( email )

102 Bd Carl Vogt
Geneva 4, 1211
Switzerland
+41 22 379 9877 (Phone)
+41 22 379 8293 (Fax)

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