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Wage and employer changes over the life cycle

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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.

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File URL: http://www.clevelandfed.org/Research/commentary/2004/04-15.pdf
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Bibliographic Info

Article provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.

Volume (Year): (2004)
Issue (Month): Apr ()
Pages:

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Handle: RePEc:fip:fedcec:y:2004:i:apr15

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Keywords: Job satisfaction ; Wages;

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Cited by:
  1. Jung, Philip & Kuhn, Moritz, 2012. "Earnings losses and labor mobility over the life-cycle," MPRA Paper 40287, University Library of Munich, Germany.

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