The determinants of the earnings of professional engineers in Great-Britain in 1981
Wilson, Robert A., 1951-. (2006) The determinants of the earnings of professional engineers in Great-Britain in 1981. Applied Economics, Volume 19 (Number 7). pp. 983-994. ISSN 0003-6846Full text not available from this repository.
Official URL: http://dx.doi.org/10.1080/00036848700000044
Since the Finneston Report raised once again the question of the status and earnings of the engineering profession in the UK, there has been a renewed interest in the factors which influence the earnings of this group. This paper considers the determinants of the earnings of professional engineers, using data from a survey of professional institutions in 1981. The results of this exercise suggest that an unaugmented ‘human capital’ model can explain about 40% of the variation in earnings in the sample, in terms of differences in formal education and in experience. The inclusion of additional variables to reflect other differences in individual characteristics, such as sex, membership of trade unions, and further training, as well as factors such as location of employment raises the proportion of the variation explained to over 55%. Estimates of rates of return to education are presented based on the earnings function estimated.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Divisions:||Faculty of Social Sciences > Institute for Employment Research|
|Journal or Publication Title:||Applied Economics|
|Publisher:||Taylor & Francis Ltd.|
|Official Date:||28 July 2006|
|Number of Pages:||12|
|Page Range:||pp. 983-994|
|Access rights to Published version:||Restricted or Subscription Access|
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