Trends and Inequality in Lifetime Earnings in France

Bertrand Garbinti, Cecilia Garc a Pe Alosa, Vladimir Pecheu and Fr d rique Savignac

Working papers from Banque de France

Abstract: This paper is the first to compute lifetime earnings (LTE) in France for a large number of cohorts that entered the labour market between 1967 and 1987. We compare our results with evidence by Guvenen et al. (2022) for the US, documenting sharp differences between the two countries. Median LTE show similar flat trends in both countries, but in France this results from a moderate increase for both genders together with increased female participation, while in the US, LTE declines for men and sharply grows for women. There have been marked changes in age profiles, as for both genders younger cohorts have experienced a decrease in entry wages that has been more than offset by faster wage growth. Our analysis of inequality finds that it is lower when we focus on LTE than in the cross-section, and that it follows a U-shaped pattern, although the increase is much smaller in France than that observed in the US. Lastly, we also find that i) education (returns and changes in attainment) plays a key role in shaping LTE across cohorts, and ii) differences in working time explain an increasing part of the gender gap in LTE over time as both men and women have increased the number of years they work but women have done so largely through part-time employment.

Keywords: Lifetime Earnings; Inequality; Gender Earnings Gaps (search for similar items in EconPapers)
JEL-codes: J16 J31 J62 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2023
New Economics Papers: this item is included in nep-eur and nep-lab
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https://www.banque-france.fr/en/publications-and-s ... time-earnings-france

Related works:
Working Paper: Trends and Inequality in Lifetime Earnings in France (2024)
Working Paper: Trends and Inequality in Lifetime Earnings in France (2024)
Working Paper: Trends and Inequality in Lifetime Earnings in France (2024)
Working Paper: Trends and Inequality in Lifetime Earnings in France (2023)
Working Paper: Trends and Inequality in Lifetime Earnings in France (2023)
Working Paper: Trends and Inequality in Lifetime Earnings in France (2023)
Working Paper: Trends and Inequality in Lifetime Earnings in France (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:banfra:925

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