Why do women’s wages increase so slowly throughout their career? A dynamic model of statistical discrimination
The aim of this paper is to explain the growing wage differentials between men and women during their working careers. We provide a dynamic model of statistical discrimination, which integrates specific human capital decisions: on-the-job training investment and wages are endogenously determined. We reveal a small wage differential at the beginning of women’s career, followed by a larger wage differential; this is partly due to a lower level of human capital investment by women and partly because firms smooth training costs between different periods.
gender gaps, gender wage gap, specific human capital, statistical discrimination
Statistical discrimination, careers, male/female differentials, gender wage gap, specific human capital.
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