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Human capital wage premia and unionism : the case of the British labour market in the 1990s
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Zangelidis, Alexandros (2003) Human capital wage premia and unionism : the case of the British labour market in the 1990s. PhD thesis, University of Warwick.
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Official URL: http://webcat.warwick.ac.uk/record=b1753518~S15
Abstract
The significance of seniority for individuals' wage growth has been a very popular
topic in labour economics for the past three decades. The extent to which wages rise
with employer-tenure is fundamental in the understanding of the dynamics of
earnings and labour market behaviour. This thesis is an empirical study of the
British labour market in the 1990s and attempts to shed some light on the different
kinds of skills individuals acquire in work, and their contribution to the wage
determination process. Specifically, the author examines the role of seniority and
employer-specific skills in earnings and explores whether industry and
occupational specificity in the accumulated human capital can explain part of the
variation in wages. Furthermore, the author investigates the interaction of
institutional arrangements with these human capital wage premia, giving a
particular attention to union representation. Throughout the empirical analysis, the
issue of potential endogeneity bias in the estimates of interest is also addressed and
alternative estimators are employed for that purpose. For part of the workforce,
mainly in 'blue-collar and low-paying jobs, employer-tenure appears to have a
significant impact on wage progression, which is further strengthened when
employed in a more structured environment, like in the union sector, with well-set
promotion ladders and pay rules. Occupational expertise, in contrast, is estimated to
play a far more important role in the earnings profiles of those in prestigious, high-paying
but more competitive jobs. This is particularly true in less restricted
workplaces, where there is no union representation or seniority-pay scales, like in
the non-union sector. Overall, the findings of this study provide some rather useful
insights into the patterns that govern individuals' wage growth and are informative
about individuals' employability and job mobility that could prove to be helpful to
policy makers on unemployment and wage inequality issues.
Item Type: | Thesis (PhD) | ||||
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Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||
Library of Congress Subject Headings (LCSH): | Labor market -- Great Britain -- History -- 20th century, Wages -- Great Britain, Seniority, Employee -- Great Britain | ||||
Official Date: | September 2003 | ||||
Dates: |
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Institution: | University of Warwick | ||||
Theses Department: | Department of Economics | ||||
Thesis Type: | PhD | ||||
Publication Status: | Unpublished | ||||
Supervisor(s)/Advisor: | Stewart, Mark B. ; Naylor, Robin Andrew, 1959- | ||||
Sponsors: | Economic and Social Research Council (Great Britain) (ESRC) (R00429934482) | ||||
Extent: | xi, 291 p. | ||||
Language: | eng |
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