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.
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
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.