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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.

Suggested Citation

  • Peter Rupert, 2004. "Wage and employer changes over the life cycle," Economic Commentary, Federal Reserve Bank of Cleveland, issue apr15.
  • Handle: RePEc:fip:fedcec:y:2004:i:apr15
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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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    Keywords

    Wages; Job satisfaction;

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