TY  - RPRT
        AU  - Bayer, Christian
AU  - Kuhn, Moritz
        TI  - Which Ladder to Climb? Decomposing Life Cycle Wage Dynamics
        PY  - 2019/Jul/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 12473
        UR  - https://www.iza.org/publications/dp12473
        AB  - Wages grow and become more unequal as workers age. Economic theory focuses on worker investment in human capital, search for employers, and residual wage shocks to account for these life cycle wage dynamics. We highlight the importance of jobs: collections of tasks and duties defined by employers within the production process. We provide empirical evidence that climbing the career ladder toward jobs characterized by more responsibility, complexity, and autonomy accounts for the largest part of life cycle wage dynamics. It accounts for 50% of average wage growth, 50% of rising differences between gender, and virtually all of rising dispersion within gender over the life cycle. 
        KW  - life cycle wage growth
KW  - wage inequality
KW  - career ladder
        ER  -