TY  - JOUR
AU  - Levine,Phillip B.
AU  - Mitchell,Olivia S.
TI  - The Baby Boom's Legacy: Relative Wages in the 21st Century
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 2501
PY  - 1988
Y2  - February 1988
UR  - http://www.nber.org/papers/w2501
L1  - http://www.nber.org/papers/w2501.pdf
N1  - Author contact info:
Phillip B. Levine
Department of Economics
Wellesley College
106 Central Street
Wellesley, MA 02481
Tel: 781/283-2162
Fax: 781/283-2177
E-Mail: plevine@wellesley.edu

Olivia S. Mitchell
University of Pennsylvania
Wharton School
3620 Locust Walk, St 3000 SH-DH
Philadelphia, PA 19104-6302
Tel: 215-898-0424
Fax: 215/898-0310
E-Mail: mitchelo@wharton.upenn.edu
AB  - This paper assesses the impact of the post WWII baby boom on relative wages, when this baby boom cohort becomes the oldest segment of the workforce. Time series data are used to estimate a model of the demand for workers in eight age/sex groupings. Using these estimates, we simulate relative wages in the year 2020 assuming the age/sex composition of the workforce behaves according to projections. The results are used to examine the baby boom's potential impact on wages of older, prime-age, and teenage workers, as well as the anticipated wage gap between males and females.
ER  -