Age-Earnings Profile

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 ?
Finally, the age-earnings profile for teachers would more closely resemble the profile for other professions.
The main prediction is that the age-earnings profile for overeducated or undereducated workers is steeper than the profile for exactly educated workers.
However, Murphy and Welch (1990) note that the widely used Mincerian "human capital earnings function" provides a simple but poor approximation of the true empirical age-earnings profile.
One may argue, however, that changes in earnings premium could be affected by changes in the age-earnings profile across educational groups.
Generally, chart 5 seems to indicate a higher age-earnings profile for female teachers compared to the female non-teachers.
This implies that experience had a smaller effect on Muhajir earnings that it did on those from the other ethnic groups, AGE-SQUARED was negative and highly significant in all ethnic groups confirnung the concavity of the age-earnings profile.
The approach that will be compared to the offset uses an age-earnings profile to adjust earnings for each year.
Another way to view this differential is to simulate a synthetic age-earnings profile for both U.
In contrast, a simple market-clearing model in which workers are always paid according to their current productivity (which is consistent with a rising age-earnings profile if there is general human capital investment) doe s not provide any economic basis for opportunistic discharges of older workers.
The main reason behind the smooth age-earnings profile of the public sector employees till age 60 is the relatively uniform pay scale system adopted by the government.
Second, an influential model of the age-earnings profile seriously calls into question the virtue of age discrimination legislation, especially the prohibition of mandatory retirement.