Full Citation

Title: Life-cycle Skill Premiums across Cohorts

Citation Type: Miscellaneous

Publication Year: 2022

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: I document and investigate life-cycle profiles of skill premiums across cohorts. My empirical analysis shows that younger cohorts have steeper growth in the skill premium before age 40 but flatter growth after 40. I use a human capital investment model to account for the cross-cohort variation in skill premium profiles. The results indicate that the flattened growth after age 40 is caused by the drop in human capital (of high-skill workers) near the end of the life cycle. Besides, the magnitude of life-cycle growth in the skill premium is mainly driven by the relative skill price, which is the log ratio of wage rates between high-skill workers and low-skill workers.

Url: https://ssy9494.github.io/website/LSPC_SiyuShi.pdf

User Submitted?: No

Authors: Shi, Siyu

Publisher: Arizona State University

Data Collections: IPUMS CPS

Topics: Aging and Retirement, Labor Force and Occupational Structure

Countries: