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 ?
In this way we are keeping the age-earnings profile for the worker (by gender and education) constant and only changing the pension conditions in each occupation.
For instance, the influx of a relatively large cohort of younger, lower-paid workers could reduce the growth of average wages, even if no individual workers are earning less than their age-earnings profile would predict.
n] we must have estimates of the age-earnings profile.
Results show that experience paid off more to male workers than to female, and the returns to experience declined more rapidly as age increased, supported the concavity of the age-earnings profile.
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.
One may argue, however, that changes in earnings premium could be affected by changes in the age-earnings profile across educational groups.
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.
Chapter 4 considers the now well-established empirical fact of an upward sloping age-earnings profile and the question of mandatory retirement.
The positive (and statistically significant) coefficient of the interaction term "Years since migration * Aussiedler" together with the insignificant coefficient of the interaction term "Years since migration * Ubersiedler" suggests that Aussiedler have a steeper age-earnings profile than Ubersiedler.
The steep age-earnings profile encourages long job tenures by reducing the risk that workers will leave a company to work elsewhere.