Ciekawostka: Children grow faster in the springtime

Evidence: 59 • authority: 88

Why Do Wages Grow Faster for Educated Workers?. The U.S. college wage premium doubles over the life cycle, from 27 percent at age 25 to 60 percent at age 55. Using a panel survey of workers followed through age 60, I show that growth in the college wage premium is primarily explained by occupational sorting. Shortly after graduating, workers with college degrees shift into professional, nonroutine occupations with much greater returns to tenure. Nearly 90 percent of life cycle wage growth occurs within rather than between jobs. To understand these patterns, I develop a model of human capital investment where workers differ in learning ability and jobs vary in complexity. Faster learners com…

Evidence: 59 • authority: 88

Why Do Wages Grow Faster for Educated Workers?. The U.S. college wage premium doubles over the life cycle, from 27 percent at age 25 to 60 percent at age 55. Using a panel survey of workers followed through age 60, I show that growth in the college wage premium is primarily explained by occupational sorting. Shortly after graduating, workers with college degrees shift into professional, nonroutine occupations with much greater returns to tenure. Nearly 90 percent of life cycle wage growth occurs within rather than between jobs. To understand these patterns, I develop a model of human capital investment where workers differ in learning ability and jobs vary in complexity. Faster learners com…

Evidence: 58 • authority: 80

Why Do Wages Grow Faster for Educated Workers?

Evidence: 58 • authority: 80

Do Relatively Democratic Countries Grow Faster?

Evidence: 58 • authority: 80

Figure 1: Smaller fragments grow faster.

Evidence: — • authority: 35