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Magnac, Thierry
and Roux, Sébastien
(2021)
Heterogeneity and wage inequalities over the life cycle.
European Economic Review, vol. 134 (n° 103715).
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Abstract
Using data on French male wage workers observed over 30 years, we estimate by random and fixed effect methods a wage equation with pervasive heterogeneity. Individual wage profiles are derived from a human capital investment model and described by a level, a slope and a curvature. Among others, our empirical application delivers original results on issues like the Mincer dip, and the time-varying correlations between wage growth and levels, or between initial wages and growth. Static and long-run inequality indices can easily be compared and decomposed into their multidimensional components.
| Item Type: | Article |
|---|---|
| Language: | English |
| Date: | May 2021 |
| Refereed: | Yes |
| Uncontrolled Keywords: | Human capital investment, inequality, wage dynamics, post-schooling, wage growth, random and fixed effects |
| JEL Classification: | C33 - Models with Panel Data D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving J24 - Human Capital; Skills; Occupational Choice; Labor Productivity J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc. |
| Subjects: | B- ECONOMIE ET FINANCE |
| Divisions: | TSE-R (Toulouse) |
| Site: | UT1 |
| Date Deposited: | 29 Mar 2021 13:31 |
| Last Modified: | 04 Apr 2024 09:21 |
| OAI Identifier: | oai:tse-fr.eu:125433 |
| URI: | https://publications.ut-capitole.fr/id/eprint/43088 |
Available Versions of this Item
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Heterogeneity and wage inequalities over the life cycle. (deposited 10 Oct 2019 08:54)
- Heterogeneity and wage inequalities over the life cycle. (deposited 29 Mar 2021 13:31) [Currently Displayed]
