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seems to have reversed course, which is a stunning outcome and requires investigation. The average age of labor income additionally leveled off a bit in the late Nineties but rose once more in the newest years, widening the distinction in common ages. The modifications in labor revenue proven in Figure 15.three are additionally interesting. There has been a transparent decline in the proportion of self- The hottest product thank you nurse american flag all over printed air jordan 13 sneakersemployment revenue since 1960, and an equally clear increase within the proportion of advantages that accrue notably to older workers. The decline in retirement age can be apparent. In 1960 there were rather more substantial earnings after age 60 than in 2003. Less clearly, the earnings of older employees has elevated relative to that of youthful staff. One of the most striking changes is the decline in the amount of labor income earned at younger ages, particularly from 1960 to 1981, when enrollments in high school and college have been rising rapidly. Real labor income declined strongly at almost all ages underneath 26. Labor revenue also declined sharply above age 80, but from 1981 to 2003 it rose at charges that were strikingly greater at older ages. We shall discover some of these adjustments in labor revenue in additional detail within the subsequent section. The last element of

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