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The effects of cohort size on European earnings

机译：队列规模对欧洲收入的影响

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I use the cross-country and time variation in the demographic structure of 11 European countries to study how changes in cohort size affect real earnings in Europe. I find that cohort size has a negative and statistically significant effect on earnings, and that this effect is larger for the older age group-aged between 35 and 54-than for the younger group-aged 20 to 34. I also find that earnings are more sensible to changes in cohort size in Southern Europe, which points to a lower degree of substitutability between individuals with the same education but different age. I argue that the uncovered lower substitutability in the Olive Belt of Europe is in line with the higher employment protection that its workers enjoy, at least compared to the workers located in Northern Europe.
机译：我使用11个欧洲国家的人口结构的跨国和时间差异来研究队列规模的变化如何影响欧洲的实际收入。我发现队列规模对收入有负面影响并在统计上有显着影响，而且年龄在35岁至54岁之间的老年人群的影响要大于年龄在20岁至34岁之间的年轻人群。这更适合南欧的队列规模变化，这表明受过相同教育但年龄不同的个人之间的替代程度较低。我认为，欧洲橄榄带的较低可替代性与其工人享有的更高的就业保护相符，至少与北欧工人相比。

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