Inter-industry wage differences and individual heterogeneity
UNSPECIFIED. (2004) Inter-industry wage differences and individual heterogeneity. OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 66 (5). pp. 811-846. ISSN 0305-9049Full text not available from this repository.
Two well-established findings are apparent in the analyses of individual wage determination: cross-section wage equations can account for less than half of the variance in earnings and there are large and persistent inter-industry wage differentials. We explore these two empirical regularities using longitudinal data from the British Household Panel Survey (BHPS). We show that around 90% of the variation in earnings can be explained by observed and unobserved individual characteristics. However, small - but statistically significant - industry wage premia do remain, and there is also a role for a rich set of job and workplace controls.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions
H Social Sciences
Q Science > QA Mathematics
|Journal or Publication Title:||OXFORD BULLETIN OF ECONOMICS AND STATISTICS|
|Publisher:||BLACKWELL PUBL LTD|
|Number of Pages:||36|
|Page Range:||pp. 811-846|
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