Jaime Arellano-Bover es Profesor e Investigador Senior en Yale University e Investigador Asociado en el CAGE Research Centre (University of Warwick). También está afiliado a la Red CESifo y el IZA Institute of Labor Economics y forma parte del Comité de investigación en la European Economic Association. Tiene un PhD en Economía por Stanford University y realizó sus estudios de grado en la Universidad Carlos III de Madrid. Sus investigaciones se centran en temas de microeconomía aplicada, particularmente en áreas de economía laboral, economía de la empresa, capital humano y migración. Sus trabajos han sido publicados en revistas académicas como Journal of Labor Economics, The Review of Economics and Statistics, The Journal of Economic History y AEA Papers and Proceedings, entre otras.

Abstract: This paper studies the interaction between the decrease in the gender pay gap and the stagnation in the careers of younger workers, analyzing data from the United States, Italy, Canada, and the United Kingdom. We propose a model of the labor market in which a larger supply of older workers can crowd out younger workers from top-paying positions. These negative career spillovers disproportionately affect the career trajectories of younger men because they are more likely than younger women to hold higher-paying jobs at baseline. The data strongly support this cohort-driven interpretation of the shrinking gender pay gap. The whole decline in the gap originates from (i) newer worker cohorts who enter the labor market with smaller-than-average gender pay gaps and (ii) older worker cohorts who exit with higher-than-average gender pay gaps. As predicted by the model, the gender pay convergence at labor- market entry stems from younger men’s larger positional losses in the wage distribution. Younger men experience the largest positional losses within higher-paying firms, in which they become less represented over time at a faster rate than younger women. Finally, we document that labor-market exit is the sole contributor to the decline in the gender pay gap after the mid-1990s, which implies no full gender pay convergence for the foreseeable future. Consistent with our framework, we find evidence that most of the remaining gender pay gap at entry depends on predetermined educational choices.

Autores: Jaime Arellano-Bover (Yale University, IZA & CESifo), Nicola Bianchi (Northwestern University & NBER), Salvatore Lattanzio (Bank of Italy) y Matteo Paradisi (EIEF & CEPR)

Organizan: Departamento de Economía, Instituto de Investigaciones Económicas y Revista Económica

Contacto: iie@econo.unlp.edu.ar