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- Title
Labor market tightness and individual wage growth: evidence from Germany.
- Authors
Brunow, Stephan; Lösch, Stefanie; Okhrin, Ostap
- Abstract
It is often stated that certain occupations in Germany, because of "Demographic Change ", are dwindling, implying a labor shortage. We investigate the 10-year wage growth of young employees entering the labor market in different occupations. Our findings suggest that regional labor market tightness in occupational fields significantly explains wage growth. Individuals who start their careers in a tighter labor market enjoy higher wage growth than workers in more relaxed labor markets. We identify some occupational fields where the effect is especially strong, such as several engineering groups, IT occupations, technicians, and some commercial occupations. Interestingly, health-care occupations reveal a reverse relation.
- Subjects
GERMANY; WAGE increases; MARKET tightness; LABOR market; YOUNG workers; WAGE differentials
- Publication
Journal for Labour Market Research, 2022, Vol 56, Issue 1, p1
- ISSN
1614-3485
- Publication type
Article
- DOI
10.1186/s12651-022-00322-7