Lagakos, David, Moll, Benjamin 
ORCID: 0009-0003-6067-359X, Porzio, Tommaso, Qian, Nancy and Schoellman, Todd
(2018)
Life cycle wage growth across countries.
Journal of Political Economy, 126 (2).
797 - 849.
ISSN 0022-3808
Abstract
This paper documents how life cycle wage growth varies across countries. We harmonize repeated cross-sectional surveys from a set of countries of all income levels and then measure how wages rise with potential experience. Our main finding is that experience-wage profiles are on average twice as steep in rich countries as in poor countries. In addition, more educated workers have steeper profiles than the less educated; this accounts for around one-third of cross-country differences in aggregate profiles. Our findings are consistent with theories in which workers in poor countries accumulate less human capital or face greater search frictions over the life cycle.
| Item Type: | Article |
|---|---|
| Official URL: | https://www.journals.uchicago.edu/toc/jpe/current |
| Additional Information: | © 2018 by The University of Chicago |
| Divisions: | Economics |
| Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 06 Nov 2019 15:36 |
| Last Modified: | 22 Nov 2024 19:27 |
| URI: | http://eprints.lse.ac.uk/id/eprint/102401 |
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