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Population Aging, Labor Demand, and the Structure of Wages

Author

Listed:
  • 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.

Suggested Citation

  • Margarita Sapozhnikov & Robert K. Triest, 2007. "Population Aging, Labor Demand, and the Structure of Wages," Working Papers, Center for Retirement Research at Boston College wp2007-14, Center for Retirement Research, revised Oct 2007.
  • Handle: RePEc:crr:crrwps:wp2007-14
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. 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 wp2008-12, Center for Retirement Research, revised Sep 2008.
    2. John Moffat & Duncan Roth, 2016. "The Cohort Size-Wage Relationship in Europe," LABOUR, CEIS, vol. 30(4), pages 415-432, December.
    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.
    4. Ernesto Amaral & Bernardo Queiroz & Júlia Calazans, 2015. "Demographic changes, educational improvements, and earnings in Brazil and Mexico," IZA Journal of Labor & Development, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-21, December.
    5. Ernesto Friedrich de Lima Amaral & Joseph E. Potter & Daniel Hamermesh & Eduardo Rios-Neto, 2013. "Age, education, and earnings in the course of Brazilian development: Does composition matter?," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 28(20), pages 581-612.
    6. Ulrich Thiessen & Konstantin A. Kholodilin & Boriss Siliverstovs, 2008. "Does Aging Influence Sectoral Employment Shares? Evidence from Panel Data," KOF Working papers 08-214, KOF Swiss Economic Institute, ETH Zurich.
    7. Peters, Cornelius, 2015. "Do age complementarities affect labour productivity? Evidence from German firm level data," VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy 112941, Verein für Socialpolitik / German Economic Association.
    8. 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.
    9. Ernesto F. L. Amaral & Bernardo L. Queiroz & Julia A. Calazans, 2015. "Effects of Demographic and Educational Changes on the Labor Markets of Brazil and Mexico," Working Papers WR-1089, RAND Corporation.
    10. Majchrowska Aleksandra & Broniatowska Paulina, 2018. "The workforce’s age structure and wages—Do age and the type of occupation matter?," Lodz Economics Working Papers 8/2018, University of Lodz, Faculty of Economics and Sociology.
    11. Siliverstovs, Boriss & Kholodilin, Konstantin A. & Thiessen, Ulrich, 2011. "Does aging influence structural change? Evidence from panel data," Economic Systems, Elsevier, vol. 35(2), pages 244-260, June.
    12. Teresa Ghilarducci & Michael Papadopoulos & Siavash Radpour, 2017. "Relative Wages in Aging America: The Baby Boomer Effect," SCEPA working paper series. 2017-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.

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    More about this item

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies

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