Cohort size and the earnings growth of young workers
AbstractThis paper examines the impact of cohort size on human capital investment decisions and early career earnings growth. In general, larger cohorts experience slower earnings growth and flatter earnings profiles than smaller cohorts, a finding that contradicts results reported by Welch. This implies that the negative effect of cohort size on earnings levels found in past research not only persists with age but actually increases. Also, increases in cohort size appear to depress the earnings growth of college graduates more than that of any other schooling group, again contrary to Welch's findings but consistent with evidence presented by Freeman. (Abstract courtesy JSTOR.)
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Bibliographic InfoArticle provided by ILR Review, Cornell University, ILR School in its journal ILR Review.
Volume (Year): 37 (1984)
Issue (Month): 4 (July)
Postal: 381 Ives East, Cornell University, Ithaca, NY 14853-3901
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- Diane J. Macunovich, 1999.
"The fortunes of one's birth: Relative cohort size and the youth labor market in the United States,"
Journal of Population Economics,
Springer, vol. 12(2), pages 215-272.
- Diane Macunovich, 1999. "The Fortune of One's Birth: Relative Cohort Size and the Youth Labor Market in the United States," Center for Policy Research Working Papers 6, Center for Policy Research, Maxwell School, Syracuse University.
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- Macunovich, Diane J., 2011. "Relative Cohort Size, Relative Income, and Women's Labor Force Participation 1968-2010," IZA Discussion Papers 5913, Institute for the Study of Labor (IZA).
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