Sources of Wage Growth
Jerome Adda and
Christian Dustmann
Journal of Political Economy, 2023, vol. 131, issue 2, 456 - 503
Abstract:
This paper investigates the sources of wage growth over the life cycle, determined by sectoral and firm mobility, unobserved ability, the accumulation of cognitive-abstract or routine-manual skills, and whether workers enroll in vocational training at the start of their career. Our analysis uses longitudinal administrative data over three decades and shows that routine-manual skills drive early wage growth, while cognitive-abstract skills become more important later. Moreover, job amenities are an important determinant of mobility decisions. Vocational training has long-term effects on career outcomes through various channels and generates returns for both the individual and society.
Date: 2023
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Working Paper: Sources of Wage Growth (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:ucp:jpolec:doi:10.1086/721657
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