Tools
Tools
Gobillon, Laurent
, Magnac, Thierry and Roux, Sébastien
(2022)
Lifecycle Wages and Human Capital Investments: Selection and Missing Data.
TSE Working Paper, n. 22-1299, Toulouse
Preview |
Text
Download (1MB) | Preview |
Abstract
We derive wage equations with individual specic coe¢ cients from a structural model of human capital investments over the life-cycle. This model allows for interruptions in labor market participation, and addresses missing data and attrition issues. We further control for selection in a exible way by using interactive e¤ects. Estimation is based on long administrative panel data of male wages in the private sector in France. A structural function approach shows that interruptions negatively a¤ect average wages. More surprisingly, they also negatively a¤ect the inter-decile range of wages after twenty years, and this is due to interruptions being endogeneous.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Language: | English |
| Date: | February 2022 |
| Place of Publication: | Toulouse |
| Uncontrolled Keywords: | Human capital investment, wage inequalities, factor models, missing data |
| JEL Classification: | 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) |
| Institution: | Université Toulouse Capitole |
| Site: | UT1 |
| Date Deposited: | 07 Feb 2022 09:23 |
| Last Modified: | 28 May 2025 13:10 |
| OAI Identifier: | oai:tse-fr.eu:126574 |
| URI: | https://publications.ut-capitole.fr/id/eprint/44314 |
