期刊名称：DIW Diskussionspapiere / Deutsches Institut für Wirtschaftsforschung, Berlin
出版年度：2007
卷号：2007
出版社：Deutsches Institut für Wirtschaftsforschung, Berlin
摘要：How individual wages change with time, and how they are expected to change as
individuals grow older, is one of crucial determinants of their behaviour on the
labour market including their decision to retire. The profile of individual
hourly wages has for a long time been assumed to follow an "inverse-U" path,
although there has been little work specifically concerning the age-wage profile
and documenting it convincingly. The focus of this paper is the relationship
between age and wages with special attention given to individuals close to
retirement. The analysis is presented in a comparative context for Britain and
Germany looking at two longitudinal datasets (BHPS and GSOEP respectively) for
years 1995-2004. It stresses the importance of cohort effects and selection out
of employment which seem crucial in determining the downward-sloping part of the
"inverse-U" profile observed in most cross-sections. There seems to be little
evidence that wages fall with age.
