Age-Earnings Profile

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Age-Earnings Profile

A chart showing the average or median income for workers over time. In general, earnings rise as workers become older, though this is not always the case. One may make age-earnings profiles for all workers, or one may customize them for workers in different industries or of different demographics.
References in periodicals archive ?
This suggest that the accumulation of skills continues till age 25 and only after age 25 they receive substantial returns of education and other skills which increases the slope of the age earnings profile.
The age earnings profiles are estimated by using age spline earnings functions.
It is interesting to note that although there are significant differences in compensation for workers across the employer size, yet the age earnings profiles follow the life-cycle pattern in both categories where income increases with age for some time, reaches at the peak and then declines.
Estimating the earnings equation by gender will allow for gender differences in age earnings profiles.
Moreover, the age earnings profiles for different education groups follow the usual concave shape, showing a decline in earnings after the prime earnings age.