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Title: Wage Declines Among Older Men
Resulting in 1 citation.
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Johnson, Richard W. Neumark, David B. |
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Wage Declines Among Older Men The Review of Economics and Statistics 78,4 (November 1996): 740-748. Also: http://www.jstor.org/stable/2109961 Cohort(s): Older Men Publisher: Harvard University Press Keyword(s): Age and Ageing; Human Capital; Life Cycle Research; Social Security; Wage Dynamics; Wage Growth; Wage Rates; Wages, Men Permission to reprint the abstract has not been received from the publisher. The evidence on whether real wages decline with age among older men is examined. While the general human capital model of wage growth over the life cycle predicts that wages will fall as workers approach the end of their career, alternative models of wage growth do not predict these wage declines. It is found that in the longitudinal estimates of age-wage profiles wage declines only set in for workers in their 60s. Furthermore, these longitudinal declines are at least partly due to interactions with the Social Security system. The earnings cap or other effects of Social Security appear to lead some workers to choose jobs and job characteristics associated with lower wages. (ABI/Inform) |
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Bibliography Citation
Johnson, Richard W. and David B. Neumark. "Wage Declines Among Older Men." The Review of Economics and Statistics 78,4 (November 1996): 740-748.
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