Titelaufnahme

Titel
Which ladder to climb? : decomposing life cycle wage dynamics / Christian Bayer (Universität Bonn, CEPR and IZA), Moritz Kuhn (Universität Bonn, CEPR and IZA) ; IZA Institute of Labor Economics
VerfasserBayer, Christian ; Kuhn, Nikolas Moritz
KörperschaftForschungsinstitut zur Zukunft der Arbeit
ErschienenBonn, Germany : IZA Institute of Labor Economics, July 2019
Ausgabe
Elektronische Ressource
Umfang1 Online-Ressource (65 Seiten) : Diagramme
SerieDiscussion paper ; no. 12473
URNurn:nbn:de:hbz:5:2-196043 
Zugriffsbeschränkung
 Das Dokument ist öffentlich zugänglich im Rahmen des deutschen Urheberrechts.
Volltexte
Which ladder to climb? [0.57 mb]
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Zusammenfassung (Englisch)

Wages grow and become more unequal as workers age. Economic theory focuses on worker investment in human capital, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of jobs: collections of tasks and duties defined by employers within the production process. We provide empirical evidence that climbing the career ladder toward jobs characterized by more responsibility, complexity, and autonomy accounts for the largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender, and virtually all of rising dispersion within gender over the life cycle.