Year of Graduation
Research in human capital for developed countries has found that earnings tend to rise over the life cycle. This finding is considered a stylized fact for most economists and has multiple policy-related implications. However, there is very limited knowledge of how wages change over the life-cycle in post-transition and less-developed countries. The most recent research hints on the fact that rich countries have steeper age-wage profile than poorer countries do. This raises a hypothesis that countries at different levels of economic development may have different relationships between age and earnings. Preliminary research using Russian data suggest that the age-wage profile in Russian differs from both rich and poor countries. It appears to be steeper that in poor economies but peaks earlier and declines more than in the richer ones. The main idea of my research is to identify age-wage profile in Russia exploiting more appropriate data that have never been used before for studies of the Russian labor market. It provides a valuable opportunity to raise important research and policy related issues.