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Population Aging, Labor Demand, and the Structure of Wages

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  • Margarita Sapozhnikov
  • Robert K. Triest

    (Center for Retirement Research, Boston College)

Abstract

One consequence of demographic change is substantial shifts in the age distribution of the working age population. As the baby boom generation ages, the usual historical pat tern of there being a high ratio of younger workers relative to older workers is increasingly being replaced by a pattern of there being roughly equal percentages of workers of different ages. One might expect that the increasing relative supply of older workers would lower the wage premium paid for older, more experienced workers.

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File URL: http://crr.bc.edu/working-papers/population-aging-labor-demand-and-the-structure-of-wages/
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Bibliographic Info

Paper provided by Center for Retirement Research in its series Working Papers, Center for Retirement Research at Boston College with number wp2007-14.

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Length: 36 pages
Date of creation: Aug 2007
Date of revision: Oct 2007
Handle: RePEc:crr:crrwps:wp2007-14

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  1. Richard B. Freeman, 1979. "The Effect of Demographic Factors on Age-Earnings Profiles," NBER Working Papers 0316, National Bureau of Economic Research, Inc.
  2. Evangelos M. Falaris & H. Elizabeth Peters, 1992. "Schooling Choices and Demographic Cycles," Journal of Human Resources, University of Wisconsin Press, vol. 27(4), pages 551-574.
  3. David Card & Thomas Lemieux, 2000. "Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort-Based Analysis," NBER Working Papers 7655, National Bureau of Economic Research, Inc.
  4. Goldin, Claudia, 1992. "Understanding the Gender Gap: An Economic History of American Women," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780195072709, October.
  5. Finis Welch, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," UCLA Economics Working Papers, UCLA Department of Economics 146, UCLA Department of Economics.
  6. Murphy, Kevin M & Welch, Finis, 1992. "The Structure of Wages," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 107(1), pages 285-326, February.
  7. Connelly, Rachel & Gottschalk, Peter, 1995. "The Effect of Cohort Composition on Human Capital Accumulation across Generations," Journal of Labor Economics, University of Chicago Press, University of Chicago Press, vol. 13(1), pages 155-76, January.
  8. Welch, Finis, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 87(5), pages S65-97, October.
  9. Kevin Murphy & Mark Plant & Finis Welch, 1984. "Cohort Size and Earnings," UCLA Economics Working Papers, UCLA Department of Economics 352, UCLA Department of Economics.
  10. Berger, Mark C, 1985. "The Effect of Cohort Size on Earnings Growth: A Reexamination of the Evidence," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 93(3), pages 561-73, June.
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Cited by:
  1. Ulrich Thießen & Konstantin A. Kholodilin & Boriss Siliverstovs, 2008. "Does Aging Influence Sectoral Employment Shares?: Evidence from Panel Data," Discussion Papers of DIW Berlin 785, DIW Berlin, German Institute for Economic Research.
  2. Alicia H. Munnell & Mauricio Soto & Robert K. Triest & Natalia A. Zhivan, 2008. "How Much Do State Economics and Other Characteristics Affect Retirement Behavior?," Working Papers, Center for Retirement Research at Boston College, Center for Retirement Research wp2008-12, Center for Retirement Research, revised Sep 2008.
  3. Alfred Garloff & Carsten Pohl & Norbert Schanne, 2013. "Do small labor market entry cohorts reduce unemployment?," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 29(15), pages 379-406, September.
  4. Alfred Garloff & Carsten Pohl & Norbert Schanne, 2011. "Do smaller labour market entry cohorts really reduce German unemployment?," ERSA conference papers ersa10p658, European Regional Science Association.

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