Arbeitspapier
To Shape the Future: How Labor Market Entry Conditions Affect Individualss Long-Run Wage Profiles
We study the long-run effects of initial labor market conditions on wages for a large sample of male individuals entering the Austrian labor market between 1978 and 2000. We find a robust negative effect of unfavorable entry conditions on starting wages. This initial effect turns out to be quite persistent and even though wages do catch up later on, large effects on lifetime earnings result. We also show that initial labor market conditions have smaller and less persistent effects for blue-collar workers than for white-collar workers. We further show that some of the long-run adjustment takes place through changes in job-mobility and employment patterns as well as in job tenure. Finally, we find that adjustments at the aggregate level are key to explain wages' adjustment process in the longer run.
- Language
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Englisch
- Bibliographic citation
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Series: NRN Working Paper, NRN: The Austrian Center for Labor Economics and the Analysis of the Welfare State ; No. 0929
- Classification
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Wirtschaft
- Subject
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labor market cohorts
initial labor market conditions
long-run wage profiles
persistence of labor market shocks
unemployment
business cycle
- Event
-
Geistige Schöpfung
- (who)
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Brunner, Beartice
Kuhn, Andreas
- Event
-
Veröffentlichung
- (who)
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Johannes Kepler University Linz, NRN - The Austrian Center for Labor Economics and the Analysis of the Welfare State
- (where)
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Linz
- (when)
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2009
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Brunner, Beartice
- Kuhn, Andreas
- Johannes Kepler University Linz, NRN - The Austrian Center for Labor Economics and the Analysis of the Welfare State
Time of origin
- 2009
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