G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15953
DP15953 Make Yourselves Scarce: The Effect of Demographic Change on the Relative Wages and Employment Rates of Experienced Workers
Michael Boehm; Christian Siegel
发表日期2021-03-23
出版年2021
语种英语
摘要This paper studies the impact of demographic change on experienced workers' relative wages and employment rates. We investigate empirical predictions from a framework of supply and demand for experience skill, using variation across U.S. local labor markets (LLMs) over the last decades and instrumenting experience skill supply by the LLMs' age structures a decade earlier. We find that aging substantially reduces experienced workers' relative wages and full-time employment rates, and also their labor market participation rates. Our results imply that the effect of demographic change on labor markets might be more severe than previously recognized, as it reaches beyond wages.
主题Labour Economics ; Macroeconomics and Growth
关键词Demographic change Employment of experienced workers Return to experience
URLhttps://cepr.org/publications/dp15953
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/544943
推荐引用方式
GB/T 7714
Michael Boehm,Christian Siegel. DP15953 Make Yourselves Scarce: The Effect of Demographic Change on the Relative Wages and Employment Rates of Experienced Workers. 2021.
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