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four decades, despite the fact that in the same period, women's education rapidly increased and fertility rates … at first birth as an instrumental variable to estimate the causal impact of fertility on participation of mothers in the …
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Using longitudinal employer-employee data spanning over a 22-year period, we compare age-wage and age-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...
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