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-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 …
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Perhaps it does. We propose a model in which workers with little education or in the tails of the age distribution the inexperienced and the old have more chance of job failure (mismatch). Recruits' average education should then increase and the standard deviation of starting age decrease when...
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