https://pure.iiasa.ac.at/id/eprint/14106 2021-08-27T17:41:42Z info:eu-repo/semantics/descriptiveMetadata https://pure.iiasa.ac.at/id/eprint/14106/ Age and Earnings in the Labour Market: Implications of the 1980s Labour Bulge Arthur, W.B. Current theories offer conflicting guidance on how demographic changes in the labour force affect earnings and advancement over the working career. Human capital theory, as reflected in Welch (1978) for example, would predict that larger age cohorts than normal would earn less throughout their careers.1 If, as human-capital theory assumes, earnings are based on productivity, then the increased competition for complementary inputs must lower productivity and hence salaries. Members of larger labour cohorts will therefore have lower age-earnings profiles. Palgrave Macmillan 1983 Book Section PeerReviewed Arthur, W.B. <https://pure.iiasa.ac.at/view/iiasa/1694.html> (1983). Age and Earnings in the Labour Market: Implications of the 1980s Labour Bulge. In: Human Resources, Employment and Development Volume 2: Concepts, Measurement and Long-Run Perspective. pp. 405-419 UK: Palgrave Macmillan. ISBN 978-1-349-17203-0 10.1007/978-1-349-17203-0_21 <https://doi.org/10.1007/978-1-349-17203-0_21>. 10.1007/978-1-349-17203-0_21 10.1007/978-1-349-17203-0_21 10.1007/978-1-349-17203-0_21 info:eu-repo/semantics/humanStartPage