What is it about?
Classical literature takes cross‐sectional age‐earnings profile to describe how earnings evolve over the lifecycle. Using a cohort analysis, I show that cohort effects largely explain the decline observed at older ages using a rotating panel data for France and a longitudinal panel data for Great Britain for the period 1991–2007.
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Why is it important?
I find no clear evidence that earnings decline at older age using a cohort analysis. Earnings increase until old age and then flatten out. The decline observed at cross sectional analysis seems to be caused in large part by cohort effects.
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This page is a summary of: Can Cohort Effects Explain the Decline of Earnings for Older Workers? Evidence from France and Great Britain, Labour, April 2019, Wiley, DOI: 10.1111/labr.12149.
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