Age and Earnings
Earnings inequality — both for women compared to men and for blacks compared to whites — has decreased substantially since the 1960s, but different age groups have had widely differing experiences. In the early years of the 1962–98 period, female teens working full time earned roughly 40% more than their male counterparts. However, in a slightly older group (20–25), females earned about 17% less than males. Over time, the relative earnings of those two age groups have converged so that females in both groups now earn approximately 85% as much as males.
Suggested citation: “Age and Earnings,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-11, pp. 11, 11.01.1998.