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|Abstract:||© 2018 by The University of Chicago. All rights reserved. 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.|
|Citation:||Lagakos, D, Moll, B, Porzio, T, Qian, N, Schoellman, T. (2018). Life cycle wage growth across countries. Journal of Political Economy, 126 (2), 797 - 849. doi:10.1086/696225|
|Pages:||1 - 53|
|Type of Material:||Journal Article|
|Journal/Proceeding Title:||Journal of Political Economy|
|Version:||Final published version. Article is made available in OAR by the publisher's permission or policy.|
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