Sources of Wage Growth

• 成果类型: Article; Early Access
• 署名作者: Adda, Jerome; Dustmann, Christian
• 署名单位: Bocconi University; University of London; University College London
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/721657
• 发表日期: 2023
• 关键词: job mobility; technological-change; search; MODEL; experience; Heterogeneity; dispersion; education; returns; workers

摘要

This paper investigates the sources of wage growth over the life cycle, determined by sectoral and firm mobility, unobserved ability, the accumulation of cognitive-abstract or routine-manual skills, and whether workers enroll in vocational training at the start of their career. Our analysis uses longitudinal administrative data over three decades and shows that routine-manual skills drive early wage growth, while cognitive-abstract skills become more important later. Moreover, job amenities are an important determinant of mobility decisions. Vocational training has long-term effects on career outcomes through various channels and generates returns for both the individual and society.