EXPERIENCE, TENURE, AND WAGE GROWTH OF YOUNG BLACK-AND-WHITE MEN

This paper studies the source of differences in wage growth between yo ung black and white workers. Focusing on ''terminal'' high school grad uates from the National Longitudinal Survey of Youth, we estimate the returns to oil-tire-job tenure and general labor market experience usi ng ordinary feast squares, Altonji and Shakotko, and Topel estimators. Results from all three estimators indicate that returns to general ex perience for black workers trail those for white workers, but that bla ck workers earn equal if not higher returns to tenure than do white wo rkers.