Forecasting the Wages of Young Men: The Effects of Cohort Size.
Abstract
The post-war baby boom and the baby bust that followed have produced dramatic changes in both the size and in the age composition of the labor force. These demographic changes have been accompanied by changes in the age structure of civilian wages. The evidence suggests that as members of the baby boom cohorts entered the labor market in the 1960's and 1970's, their wages fell in comparison with the wages of prime age workers. The question addressed in this study is how the wage structure will change as the demographic trend reverses itself and as smaller birth cohorts enter the labor market in the 1980's and 1990's. Keywords: Youth population, Projections, Compensation, Manpower.
Document Details
- Document Type
- Technical Report
- Publication Date
- Feb 01, 1985
- Accession Number
- ADA176647
Entities
People
- Hong W. Tan
- Michael P Ward
Organizations
- RAND Corporation