Abstract
In an aging society, people need to focus on the consequence of aging in the labor market. This paper aims to uncover the effect of aging on employees wages. To excluded the impact of the COVID-19 and inflation started at the beginning of 2020, the study is based on Current Population Survey (CPS) data collected in 2019. The author explored the issue by adopting the change in peoples age and their hourly wage in the US labor market. The study introduced several regression models, and the analysis of the data shows a positive relationship between peoples age and hourly wage. The findings also suggest that, overall, there is a tendency to raise hourly wage when peoples age increase. In addition, the condition of being White, Asian, or married has a positive effect on people's hourly wage, while being Black, female, or disabled tend to have adverse effects on their hourly wage.
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