Journal Article

Wage and employer changes over the life cycle

Abstract: Economists have long observed that wages alone do not fully reflect a job?s value?job ?amenities? also play a role. Recent empirical studies have confirmed this observation to be the case. Researchers are also finding that workers frequently choose to take lower-paying jobs, which suggests that not only do workers care about the non-wage characteristics of a job, but also that they will change jobs throughout their lives to achieve the best mix of wages and amenities that is right (and obtainable) for them.

Keywords: Wages; Job satisfaction;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2004

Issue: Apr

Order Number: 2