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Title: Inequality and Mobility: Trends in Wage Growth for Young Adults
Resulting in 1 citation.
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Bernhardt, Annette Morris, Martina Handcock, Mark S. Scott, Marc A. |
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Inequality and Mobility: Trends in Wage Growth for Young Adults Working Paper 99-03, Population Research Institute, The Pennsylvania State University, July 1999. Also: http://www.pop.psu.edu/info-core/library/wp_lists/psu.html#1999 Cohort(s): Young Men Publisher: Population Research Institute, The Pennsylvania State University Keyword(s): Educational Returns; Intergenerational Patterns/Transmission; Mobility; Modeling, Mixed Effects; Occupational Investment; Variables, Independent - Covariate; Wage Differentials; Wage Growth; Wages, Youth Permission to reprint the abstract has not been received from the publisher. After two decades of rising wage inequality, it is important to examine the impact of these changes on lifetime wage growth. This paper compares the intragenerational mobility of two NLS cohorts of young white men: the first entered the labor market in the late 1960s, the second in the early 1980s. For each cohort, we analyze wage profiles across 16 years using a mixed-effects model. We find that long-term wage growth has both stagnated and become more unequal in recent years. Changes in the composition of and returns to education, experience, occupation and other covariates explain about half the rise in inequality, leaving a significant residual. Our findings suggest a decline in the economic welfare of workers who entered the labor market in the 1980s. |
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Bibliography Citation
Bernhardt, Annette, Martina Morris, Mark S. Handcock and Marc A. Scott. "Inequality and Mobility: Trends in Wage Growth for Young Adults." Working Paper 99-03, Population Research Institute, The Pennsylvania State University, July 1999. |