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L'Effet de l'Âge sur la Distribution des Salaires

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  • Sarah Le Duigou

    (IREGE - Institut de Recherche en Gestion et en Economie - USMB [Université de Savoie] [Université de Chambéry] - Université Savoie Mont Blanc)

Abstract

The distribution of wages varies with workers' age. In this article we present the principles which allow to build a model able to explain this evolution. This model is based on the search model developed by Burdett and Mortensen (1998). It considers two age groups, the juniors and the seniors and takes into account three channels of wage evolution: the job-to-job mobility, the evolution of the balance of power, and the human capital accumulation. Using US data, we show that these three channels allow to reproduce quite well the aggregated wage distribution as well as the evolution of it over the workers life-cycle. The channels of job-to-job mobility and the evolution of the balance of power account for the lower density of low wages in the seniors' wage distribution and the human capital accumulation for the lower density of very high wages in the juniors' wage distribution.

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  • Sarah Le Duigou, 2012. "L'Effet de l'Âge sur la Distribution des Salaires," Post-Print hal-00951161, HAL.
    • Handle: RePEc:hal:journl:hal-00951161
    Note: View the original document on HAL open archive server: https://hal.science/hal-00951161
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    References listed on IDEAS

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    1. Fabien Postel-Vinay & Jean-Marc Robin, 2002. "The Distribution of Earnings in an Equilibrium Search Model with State-Dependent Offers and Counteroffers," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 43(4), pages 989-1016, November.
    2. Guido Menzio & Irina Telyukova & Ludo Visschers, 2016. "Directed Search over the Life Cycle," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 19, pages 38-62, January.
    3. Ken Burdett & Melvyn Coles, 2003. "Equilibrium Wage-Tenure Contracts," Econometrica, Econometric Society, vol. 71(5), pages 1377-1404, September.
    4. Jesper Bager & Francois Fontaine & Fabien Postel-Vinay & Jean-Marc Robin, 2006. "A Feasible Equilibrium Search Model of Individual Wage Dynamics with Experience Accumulation," 2006 Meeting Papers 679, Society for Economic Dynamics.
    5. Acemoglu, Daron & Shimer, Robert, 1999. "Holdups and Efficiency with Search Frictions," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 40(4), pages 827-849, November.
    6. Dale T. Mortensen, 2000. "Equilibrium Unemployment with Wage Posting: Burdett-Mortensen Meet Pissarides," Contributions to Economic Analysis, in: Panel Data and Structural Labour Market Models, pages 281-292, Emerald Group Publishing Limited.
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