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
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.
One interesting attribute of female law graduate earnings is the relatively "steep" age-earnings profile
compared with other female professionals save M.
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
The steep age-earnings profile
encourages long job tenures by reducing the risk that workers will leave a company to work elsewhere.