The Baby Boom's Legacy: Relative Wages in the 21st Century

23 Pages Posted: 5 Jul 2004

See all articles by Phillip B. Levine

Phillip B. Levine

Wellesley College; National Bureau of Economic Research (NBER)

Olivia S. Mitchell

University of Pennsylvania - The Wharton School; National Bureau of Economic Research (NBER)

Date Written: 1988

Abstract

This paper assesses the impact of the post WWII baby boom on relative wages, when this baby boom cohort becomes the oldest segment of the workforce. Time series data are used to estimate a model of the demand for workers in eight age/sex groupings. Using these estimates, we simulate relative wages in the year 2020 assuming the age/sex composition of the workforce behaves according to projections. The results are used to examine the baby boom's potential impact on wages of older, prime-age, and teenage workers, as well as the anticipated wage gap between males and females.

Suggested Citation

Levine, Phillip B. and Mitchell, Olivia S., The Baby Boom's Legacy: Relative Wages in the 21st Century (1988). NBER Working Paper No. w2501. Available at SSRN: https://ssrn.com/abstract=425540

Phillip B. Levine (Contact Author)

Wellesley College ( email )

106 Central Street
Wellesley, MA 02181
United States
781-283-2162 (Phone)
781-283-2177 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Olivia S. Mitchell

University of Pennsylvania - The Wharton School ( email )

Philadelphia, PA 19104-6365
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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