"Using Finnish panel data, we study how entrepreneurs differ from workers in education and income dynamics. We find … that workers have higher median income in all educational groups. Without additional controls, entrepreneurs have higher … switch from entrepreneurship to workers, while education does not explain, in a statistically significant level, switching …

-productivity profiles and find that productivity increases until the age range of 50-54, whereas wages peak around the age 40-44. At younger … ages, wages increase in line with productivity gains but as prime-age approaches, wage increases lag behind productivity … gains. As a result, older workers are, in fact, worthy of their pay, in the sense that their contribution to firm …