Job Search and the Age-Inequality Profile

Cite This

Files in this item

Checksum: MD5:ec75b9bff1c6e8ed390bbb0acc985dae

MAROTZKE, Petra, 2014. Job Search and the Age-Inequality Profile

@techreport{Marotzke2014Searc-30083, series={Working Paper Series / Department of Economics}, title={Job Search and the Age-Inequality Profile}, year={2014}, number={2014-06}, author={Marotzke, Petra} }

<rdf:RDF xmlns:dcterms="" xmlns:dc="" xmlns:rdf="" xmlns:bibo="" xmlns:dspace="" xmlns:foaf="" xmlns:void="" xmlns:xsd="" > <rdf:Description rdf:about=""> <dcterms:available rdf:datatype="">2015-02-26T13:06:21Z</dcterms:available> <dcterms:hasPart rdf:resource=""/> <void:sparqlEndpoint rdf:resource="http://localhost/fuseki/dspace/sparql"/> <dc:rights>terms-of-use</dc:rights> <dcterms:issued>2014</dcterms:issued> <dcterms:rights rdf:resource=""/> <dc:contributor>Marotzke, Petra</dc:contributor> <dspace:hasBitstream rdf:resource=""/> <foaf:homepage rdf:resource="http://localhost:8080/jspui"/> <dspace:isPartOfCollection rdf:resource=""/> <dc:language>eng</dc:language> <bibo:uri rdf:resource=""/> <dc:date rdf:datatype="">2015-02-26T13:06:21Z</dc:date> <dc:creator>Marotzke, Petra</dc:creator> <dcterms:isPartOf rdf:resource=""/> <dcterms:title>Job Search and the Age-Inequality Profile</dcterms:title> <dcterms:abstract xml:lang="eng">In line with earlier literature, I document a U-shaped relationship between age and wage dispersion in the U.S.. To explain this outcome, I consider a life-cycle model of labor market search with strategic wage bargaining, heterogeneous firm-worker matches, and endogenous search effort. Three factors shape the age-inequality profile of wages in the model economy: the time until retirement, match heterogeneity, and the workers’ bargaining power. Young workers switch employers often and are gradually matched to better jobs, which leads to the initial reduction in the variance of log wages. Middle-aged and older workers switch employers less frequently and have a longer search history. As workers are differently successful in the labor market, the variance of match productivities rises in the second half of the working life. The calibrated model captures the U-shape of the age-inequality profile of wages in conjunction with the hump-shaped age profile of average wages, as well as employment-to-employment transitions that decrease with age.</dcterms:abstract> </rdf:Description> </rdf:RDF>

Downloads since Feb 26, 2015 (Information about access statistics)

Marotzke_0-275879.pdf 196

This item appears in the following Collection(s)

Search KOPS


My Account