In this study, we investigate the anatomy of older workers' wages. The central question is whether the wage cushion - i.e., the difference between actual wages and collectively agreed-upon (maximum) contractual wages - contributes to the fact that wages continue increasing at older ages. We...

In this study, we investigate the anatomy of older workers' wages. The central question is whether the wage cushion — i.e., the difference between actual wages and collectively agreed-upon (maximum) contractual wages — contributes to the fact that wages continue increasing at older ages. We...