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- You have accessRestricted accessPremium or Penalty?Labor Market Returns to Novice Public Sector TeachersView ORCID ProfileJuan Esteban Saavedra, View ORCID ProfileDario Maldonado, View ORCID ProfileLucrecia Santibañez and View ORCID ProfileLuis Omar Herrera-PradaJournal of Human Resources, March 2025, 60 (2) 538-577; DOI: https://doi.org/10.3368/jhr.0620-10971R1Juan Esteban SaavedraJuan Esteban Saavedra is a Lecturer in Public Policy at Harvard Kennedy School and a Faculty Research Fellow at the National Bureau of Economic Research .Dario MaldonadoDario Maldonado is an Associate Professor of Public Policy at the Alberto Lleras Camargo School of Government, Universidad de los Andes, Bogota .Lucrecia SantibañezLucrecia Santibañez is a Professor of Education at UCLA’s School of Education and Information Studies .Luis Omar Herrera-PradaLuis Omar Herrera Prada is a Senior Research Analyst at the International Monetary Fund and a member of the Ibero-Amerika Institut at the University of Göttingen .