-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 … consistent with underpayment followed by overpayment type of policies. -- aging ; productivity ; wages …

likely consequence of a reduction of the level of benefit that occurs at that point. Interestingly, post-unemployment wages … reduction of benefits were not produced by reduced reservation wages (higher acceptance probability) but rather more effective …