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Life Cycle Wage Growth in a Developing Economy : Employment Formality and Sector-Specific Human Capital Accumulation
https://doi.org/10.24545/0002000271
https://doi.org/10.24545/000200027189901ac6-373e-427c-b9f3-1784c49d6ca0
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
DP25-14.pdf (1002.6 KB)
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| Item type | ディスカッションペーパー / Discussion Paper(1) | |||||||||
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| 公開日 | 2026-02-18 | |||||||||
| タイトル | ||||||||||
| タイトル | Life Cycle Wage Growth in a Developing Economy : Employment Formality and Sector-Specific Human Capital Accumulation | |||||||||
| 言語 | en | |||||||||
| 言語 | ||||||||||
| 言語 | eng | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | Labor informality | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | life-cycle wage growth | |||||||||
| キーワード | ||||||||||
| 言語 | en | |||||||||
| 主題Scheme | Other | |||||||||
| 主題 | human capital | |||||||||
| 資源タイプ | ||||||||||
| 資源タイプ | technical report | |||||||||
| ID登録 | ||||||||||
| ID登録 (DOI) | 10.24545/0002000271 | |||||||||
| ID登録タイプ | JaLC | |||||||||
| 著者 |
HSU, Minchung
× HSU, Minchung
× LEYTON, Samuel
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| 著者所属 | ||||||||||
| 値 | 政策研究大学院大学 / National Graduate Institute for Policy Studies | |||||||||
| 抄録 | ||||||||||
| 内容記述タイプ | Abstract | |||||||||
| 内容記述 | This study builds on recent research on international comparisons of wage-experience profiles (eg. Lagakos et al., 2018, and Jedwab et al., 2023), which finds that wage growth is significantly lower in developing economies. We aim to provide a deeper insight into this issue. Using rich longitudinal data from Chile, the Social Protection Survey (EPS) linked to administrative pension contribution records, we construct precise measures of formal and informal work experience and estimate their distinct contributions to wage dynamics. This dataset, the longest available panel for a developing country, allows for a detailed analysis of how sector-specific experiences influence life-cycle wage growth. We undertake a life-cycle framework with human capital accumulation to guide our empirical strategy. We find that both the speed of human capital accumulation and the return to human capital are significantly lower with informal employment, while the wage growth with formal employment experience is comparable to that in developed economies. We also find that workers in formal jobs are far more likely to receive on-the-job training, helping to explain the divergence in human capital accumulation across sectors. Furthermore, the estimation framework provides a foundation for structural life-cycle models that incorporate sector-specific human capital accumulation and endogenous employment transitions between formal and informal sectors. | |||||||||
| 言語 | en | |||||||||
| 発行年 | ||||||||||
| 値 | 2026-02 | |||||||||
| 書誌情報 |
en : GRIPS Discussion Papers Report No. 25-14, 発行日 2026-02-18 |
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| 出版者 | ||||||||||
| 出版者 | GRIPS Policy Research Center | |||||||||
| 言語 | en | |||||||||
| 著者版フラグ | ||||||||||
| 出版タイプResource | AM | |||||||||
