UNSPECIFIED (2004) Inter-industry wage differences and individual heterogeneity. OXFORD BULLETIN OF ECONOMICS AND STATISTICS, 66 (5). pp. 811-846. ISSN 0305-9049

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Abstract

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
ISSN:	0305-9049
Date:	December 2004
Volume:	66
Number:	5
Number of Pages:	36
Page Range:	pp. 811-846
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/7742

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