@article{2de8462a694641c6b5fe4c51f1ca0769,
title = "Life cycle wage growth across countries",
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.",
author = "David Lagakos and Benjamin Moll and Tommaso Porzio and Nancy Qian and Todd Schoellman",
note = "Funding Information: Joe Kaboski, Nobu Kiyotaki, Pete Klenow, Jonathan Parker, Richard Rogerson, Paul Romer, Sam Schulhofer-Wohl, David Sraer, David Weil, and Fabrizio Zillibotti, plus seminar participants at Columbia, Chicago, City University of New York, Einaudi Institute for Economics and Finance, European University Institute, Harvard, Laval, London School of Economics, Massachusetts Institute of Technology, Northwestern, Princeton, Rochester, University of Quebec at Montreal, University of Southern California, Warwick, and the World Bank and conference participants at BREAD, German Research Foundation, Northeast Universities Development Consortium, the NBER Summer Institute Growth Workshop, the NBER Summer Institute Economic Fluctuations and Growth meeting, the Society for Economic Dynamics annual meetings, and the Human Capital Conference at Washington University in St. Louis. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Minneapolis or the Federal Reserve System. Data are provided as supplementary material online. Publisher Copyright: {\textcopyright} 2018 by The University of Chicago. All rights reserved.",
year = "2018",
month = apr,
doi = "10.1086/696225",
language = "English (US)",
volume = "126",
pages = "797--849",
journal = "Journal of Political Economy",
issn = "0022-3808",
publisher = "University of Chicago",
number = "2",
}