The Baby Boom's Legacy: Relative Wages in the 21st Century
This paper assesses the impact of the post WWII baby boom on relative wages, when this baby boom cohort becomes the oldest segment of the workforce. Time series data are used to estimate a model of the demand for workers in eight age/sex groupings. Using these estimates, we simulate relative wages in the year 2020 assuming the age/sex composition of the workforce behaves according to projections. The results are used to examine the baby boom's potential impact on wages of older, prime-age, and teenage workers, as well as the anticipated wage gap between males and females.
|Date of creation:||Jan 1988|
|Publication status:||published as Levine, Phillip B., and Olivia S. Mitchell, "The Baby Boom's Legacy: Relative Wages in the 21st Century," American Economic Review, Vol. 78 , pp. 66-9, May 1988.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
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- Richard B. Freeman, 1979.
"The Effect of Demographic Factors on Age-Earnings Profiles,"
NBER Working Papers
0316, National Bureau of Economic Research, Inc.
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- Finis Welch, 1979. "Effects of Cohort Size on Earnings: The Baby Boom Babies' Financial Bust," UCLA Economics Working Papers 146, UCLA Department of Economics.
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