EconPapers    
Economics at your fingertips  
 

The fortunes of one's birth: Relative cohort size and the youth labor market in the United States

Diane Macunovich ()

Journal of Population Economics, 1999, vol. 12, issue 2, 215-272

Abstract: Using two different measures of relative cohort size - one indicating the size and placement of an individual's own birth cohort, and the other, the ratio of young to prime age adults in the United States in that year - it has been possible to isolate strong effects of the population age structure on wages in the United States over the past thirty-three years. These effects have been strong enough that virtually all of the observed change in the experience premium, and a substantial proportion of the changes in the college wage premium, can be explained by the relative cohort size variables alone. Even changes in the amount of within-group variance in wages appear to be largely a function of changing age structure, and absolute wage levels have been strongly affected by these demographic changes, suggesting that population growth can have positive effects on the economy.

Keywords: Wages; ·; cohort; size; ·; youth; labor; market (search for similar items in EconPapers)
JEL-codes: J21 J23 J31 (search for similar items in EconPapers)
Date: 1999-06-17
Note: Received: 27 January 1998/Accepted: 6 June 1998 received from the people at the Maxwell Center, financial support through an NIA Fellowship, and Richard Easterlin's inspiration and support - and thanks Lee Lillard for providing her first opportunity to work with the CPS on `youth labor markets'. More detailed information on the work presented here - including results for African Americans and for those not working full time, as well as for other experience groups - are available in Macunovich, 1998. Responsible editor: Klaus F. Zimmermann-->
References: Add references at CitEc
Citations: View citations in EconPapers (22) Track citations by RSS feed

Downloads: (external link)
http://link.springer.de/link/service/journals/00148/papers/9012002/90120215.pdf (application/pdf)
Access to the full text of the articles in this series is restricted

Related works:
Working Paper: The Fortune of One's Birth: Relative Cohort Size and the Youth Labor Market in the United States (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jopoec:v:12:y:1999:i:2:p:215-272

Ordering information: This journal article can be ordered from
http://www.springer. ... tion/journal/148/PS2

Access Statistics for this article

Journal of Population Economics is currently edited by K.F. Zimmermann

More articles in Journal of Population Economics from Springer, European Society for Population Economics Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2020-07-04
Handle: RePEc:spr:jopoec:v:12:y:1999:i:2:p:215-272