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Wage and employer changes over the life cycle

Author

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  • Peter Rupert

Abstract

Economists have long observed that wages alone do not fully reflect a job?s value?job ?amenities? also play a role. Recent empirical studies have confirmed this observation to be the case. Researchers are also finding that workers frequently choose to take lower-paying jobs, which suggests that not only do workers care about the non-wage characteristics of a job, but also that they will change jobs throughout their lives to achieve the best mix of wages and amenities that is right (and obtainable) for them.

Suggested Citation

  • Peter Rupert, 2004. "Wage and employer changes over the life cycle," Economic Commentary, Federal Reserve Bank of Cleveland, issue Apr.
    • Handle: RePEc:fip:fedcec:y:2004:i:apr15
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    File URL: https://www.clevelandfed.org/-/media/project/clevelandfedtenant/clevelandfedsite/publications/economic-commentary/2004/ec-20040415-wage-and-employer-changes-over-the-life-cycle-pdf.pdf
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    Cited by:

    1. Philip Jung & Moritz Kuhn, 2019. "Earnings Losses and Labor Mobility Over the Life Cycle," Journal of the European Economic Association, European Economic Association, vol. 17(3), pages 678-724.
    2. Philip Jung & Moritz Kuhn, 2013. "Wage dynamics in long-term contracts," 2013 Meeting Papers 556, Society for Economic Dynamics.

    More about this item

    Keywords

    Wages; Job satisfaction;

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