Wages, seniority, and the demand for rising consumption profiles
Wages, seniority, and the demand for rising consumption profiles
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DOI：
10.1016/0167-2681(93)90052-q
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发表时间：
1993-08
影响因子：
2.2
通讯作者：
R. Frank;R. Hutchens
中科院分区：
文献类型：
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作者：
R. Frank;R. Hutchens
在许多职业中，在整个生命周期中，工资的增长速度快于生产率的增长速度。其他作者对这种模式提出了多种解释。我们认为，这些解释至少不适用于两种职业——商业航空公司飞行员和城际巴士司机。然后，我们根据满意度不仅取决于消费水平，而且取决于其变化率的假设，探索了另一种解释。我们认为，向上倾斜的工资曲线是个人储蓄的权宜之计，是实现向上倾斜的消费曲线的一种手段。
In many occupations, wages rise faster than productivity over the life cycle. Other authors have suggested a variety of explanations for this pattern. We argue that these explanations fail for at least two occupations - commercial airline pilots and intercity bus drivers. We then explore an alternative explanation based on the assumption that satisfaction depends on not only the level of consumption but also its rate of change. We argue that upward sloping wage profiles are an expedient substitute for personal savings as a means for achieving upward sloping consumpion profiles.