The Changing Pattern of Wage Growth for Low Skilled Workers

52 Pages Posted: 28 Dec 2005

See all articles by Eric French

Eric French

Department of Economics; Institute for Fiscal Studies (IFS)

Bhashkar Mazumder

Federal Reserve Bank of Chicago

Christopher Taber

National Bureau of Economic Research (NBER); University of Wisconsin - Madison

Date Written: October 2005

Abstract

We examine the key components that determine an individual's early career wage growth and how these factors have changed for less skilled workers over the last twenty years. In particular, we examine the relative importance of accumulating work experience as compared to the quality of job matches in influencing wage growth. Our main finding is that over this period, the vast majority of the variation in wage growth is due to variability in the return to experience.

Keywords: wage growth, returns to experience, job match, poverty

JEL Classification: J30, I30

Suggested Citation

French, Eric and Mazumder, Bhashkar and Taber, Christopher R., The Changing Pattern of Wage Growth for Low Skilled Workers (October 2005). FRB of Chicago Working Paper No. 2005-24, Available at SSRN: https://ssrn.com/abstract=871957 or http://dx.doi.org/10.2139/ssrn.871957

Eric French (Contact Author)

Department of Economics ( email )

Gower Street
London, WC1E 6BT
United Kingdom

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

Bhashkar Mazumder

Federal Reserve Bank of Chicago ( email )

230 South LaSalle Street
Chicago, IL 60604
United States

Christopher R. Taber

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

University of Wisconsin - Madison ( email )

716 Langdon Street
Madison, WI 53706-1481
United States

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