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The changing pattern of wage growth for low skilled workers

Eric French (), Bhashkar Mazumder () and Christopher Taber

No WP-05-24, Working Paper Series from Federal Reserve Bank of Chicago

Abstract: We examine the key components that determine an individual's early career wage growth and how these factors have changed for less skilled workers over the last twenty years. In particular, we examine the relative importance of accumulating work experience as compared to the quality of job matches in influencing wage growth. Our main finding is that over this period, the vast majority of the variation in wage growth is due to variability in the return to experience.

Keywords: Wages; Displaced workers (search for similar items in EconPapers)
Date: 2005
New Economics Papers: this item is included in nep-edu, nep-hrm and nep-lab
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