Life Cycle Wage Growth across Countries

David Lagakos, Benjamin Moll, Tommaso Porzio, Nancy Qian, Todd Schoellman

Research output: Contribution to journalArticle

25 Citations (Scopus)

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.

Original languageEnglish (US)
JournalJournal of Political Economy
DOIs
StateAccepted/In press - Apr 1 2018

Fingerprint

Life cycle
Wage growth
Workers
Wage profile
Country differences
Wages
Income level
Search frictions
Human capital

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Lagakos, D., Moll, B., Porzio, T., Qian, N., & Schoellman, T. (Accepted/In press). Life Cycle Wage Growth across Countries. Journal of Political Economy. https://doi.org/10.1086/696225

Life Cycle Wage Growth across Countries. / Lagakos, David; Moll, Benjamin; Porzio, Tommaso; Qian, Nancy; Schoellman, Todd.

In: Journal of Political Economy, 01.04.2018.

Research output: Contribution to journalArticle

Lagakos, D, Moll, B, Porzio, T, Qian, N & Schoellman, T 2018, 'Life Cycle Wage Growth across Countries', Journal of Political Economy. https://doi.org/10.1086/696225
Lagakos D, Moll B, Porzio T, Qian N, Schoellman T. Life Cycle Wage Growth across Countries. Journal of Political Economy. 2018 Apr 1. https://doi.org/10.1086/696225
Lagakos, David ; Moll, Benjamin ; Porzio, Tommaso ; Qian, Nancy ; Schoellman, Todd. / Life Cycle Wage Growth across Countries. In: Journal of Political Economy. 2018.
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