Adda, Jerome;
Dustmann, Christian;
(2023)
Sources of Wage Growth.
Journal of Political Economy
, 131
(2)
pp. 456-503.
10.1086/721657.
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Abstract
This paper investigates the sources of wage growth over the life cycle, determined by sectoral and firm mobility, unobserved ability, the accumulation of cognitive-abstract or routine-manual skills, and whether workers enroll in vocational training at the start of their career. Our analysis uses longitudinal administrative data over three decades and shows that routine-manual skills drive early wage growth, while cognitive-abstract skills become more important later. Moreover, job amenities are an important determinant of mobility decisions. Vocational training has long-term effects on career outcomes through various channels and generates returns for both the individual and society.
| Type: | Article |
|---|---|
| Title: | Sources of Wage Growth |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1086/721657 |
| Publisher version: | https://doi.org/10.1086/721657 |
| Language: | English |
| Additional information: | This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10165204 |
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