Employment tenure and earnings profiles in Japan and the United States: reply

A 1985 study indicated that Japan and the US had different levels of employment tenure and different earnings profiles. These findings were different than those from a 1992 study by Robert L. Clark and Naohiro Ogawa that used data from 1981 and 1986. Clark and Ogawa found that firm-specific tenure became less important during the 1980s, but this result would have been more credible if data from 1985 and 1988 were included.