Cardoso, Ana Rute; Guimarães, Paulo; Varejão, José M. - 2010
-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 … endogenous nature of the regressors in the estimation of the wage and productivity equations biases the results towards a pattern …
