Life Cycle Wage Growth across Countries

• 成果类型: Article
• 署名作者: Lagakos, David; Moll, Benjamin; Porzio, Tommaso; Qian, Nancy; Schoellman, Todd
• 署名单位: University of California System; University of California San Diego; National Bureau of Economic Research; Centre for Economic Policy Research - UK; Northwestern University; Federal Reserve System - USA; Federal Reserve Bank - Minneapolis
• 刊物名称: JOURNAL OF POLITICAL ECONOMY
• ISSN/ISSBN: 0022-3808
• DOI: 10.1086/696225
• 发表日期: 2018
• 页码: 797-849
• 关键词: earnings; PRODUCTIVITY; equilibrium; search; AGE; cohort; INEQUALITY; MODEL; size

摘要

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.