Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244318 
Year of Publication: 
2021
Series/Report no.: 
Working Paper No. 2021-15
Publisher: 
Federal Reserve Bank of Atlanta, Atlanta, GA
Abstract: 
In this paper we develop a novel method to project location-specific life-cycle wages for all occupations listed in the Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics. Our method consists of two steps. In the first step, we use individual-level data from the Current Population Survey to estimate the average number of years of potential labor market experience that is associated with each percentile of the education-level specific wage distribution. In the second step, we map this estimated average years of experience to the wage-level percentiles reported in the Occupational Employment and Wage Statistics data for each occupation and area. Finally, we develop a model capable of projecting the trajectory of wages across all possible years of experience for each occupation.
Subjects: 
wage growth
wages
experience
education
earnings
Mincer earnings function
JEL: 
J31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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