The age-wage-productivity puzzle: Evidence from the careers of top earners

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-11-22 DOI:10.1111/ecin.13191

Rachel Scarfe, Carl Singleton, Adesola Sunmoni, Paul Telemo

引用次数: 0

Abstract

There is an inverted u-shaped relationship between age and wages in most labor markets, but the effects of age on productivity are often unclear. We use panel data in a market of high earners, professional footballers (soccer players) in North America, to estimate age-productivity and age-wage profiles. We find stark differences; wages increase for several years after productivity has peaked, before dropping sharply at the end of a career. This poses the question: why are middle-aged workers seemingly overpaid? We investigate a range of possible mechanisms that could be responsible, only finding evidence that tentatively supports a talent discovery theory.

Abstract Image

查看原文本刊更多论文

年龄-工资-生产率之谜:来自高收入者职业生涯的证据

在大多数劳动力市场中，年龄和工资之间呈倒u型关系，但年龄对生产率的影响往往不清楚。我们使用北美高收入职业足球运动员(足球运动员)市场的面板数据来估计年龄生产率和年龄工资概况。我们发现了明显的差异;在生产力达到顶峰后，工资会上涨几年，然后在职业生涯结束时急剧下降。这就提出了一个问题:为什么中年工人的工资似乎过高?我们调查了一系列可能的机制，这些机制可能是负责任的，只找到初步支持人才发现理论的证据。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.