Unobserved Worker Quality and Inter-industry Wage Differentials PDF Download
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Author: Suqin Ge
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
This study quantitatively assesses two alternative explanations for inter-industry wage differentials: worker heterogeneity in the formof unobserved quality and firmheterogeneity in the form of a firm's willingness to pay (WTP) for workers' productive attributes. We develop an empirical hedonic model of labor demand and apply a two-stage nonparametric procedure to recover worker and firm heterogeneities. In the first stage we recover unmeasured worker quality by estimating market-specific hedonic wage functions nonparametrically. In the second stage we infer each firm's WTP parameters for worker attributes by using first-order conditions from the demand model. We apply our approach to quantify inter-industry wage differentials on the basis of individual data from the NLSY79 and find that worker quality accounts for approximately two thirds of the inter-industry wage differentials.
Author: Suqin Ge
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
This study quantitatively assesses two alternative explanations for inter-industry wage differentials: worker heterogeneity in the formof unobserved quality and firmheterogeneity in the form of a firm's willingness to pay (WTP) for workers' productive attributes. We develop an empirical hedonic model of labor demand and apply a two-stage nonparametric procedure to recover worker and firm heterogeneities. In the first stage we recover unmeasured worker quality by estimating market-specific hedonic wage functions nonparametrically. In the second stage we infer each firm's WTP parameters for worker attributes by using first-order conditions from the demand model. We apply our approach to quantify inter-industry wage differentials on the basis of individual data from the NLSY79 and find that worker quality accounts for approximately two thirds of the inter-industry wage differentials.
Author: McKinley L. Blackburn
Publisher:
ISBN:
Category : Ability
Languages : en
Pages : 40
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Book Description
Interindustry wage differentials in wage regressions estimated for individuals have been interpreted as evidence consistent with efficiency wage models. A principal competing explanation is that these differentials are generated by differences across workers in unobserved ability. This paper tests the unobserved ability hypothesis .by incorporating test scores into standard wage regressions as error-ridden indicators of unobserved ability. The results indicate that differences in unobserved ability explain relatively little of interindustry or interoccupation wage differentials.
Author: Simon D. Woodcock
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
We consider the problem of estimating and decomposing wage differentials in the presence of unobserved worker, firm, and match heterogeneity. Controlling for these unobservables corrects omitted variable bias in previous studies. It also allows us to measure the contribution of unmeasured characteristics of workers, firms, and worker-firm matches to observed wage differentials. An application to linked employer-employee data shows that decompositions of inter-industry earnings differentials and the male-female differential are misleading when unobserved heterogeneity is ignored.
Author: Julio Rotemberg
Publisher:
ISBN:
Category : Wages
Languages : en
Pages : 54
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Book Description
Author: Robert Plasman
Publisher:
ISBN:
Category :
Languages : en
Pages : 85
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Book Description
Author: Per-Anders Edin
Publisher:
ISBN:
Category : Wage differentials
Languages : en
Pages : 60
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Book Description
Author: Marion Smith Picard
Publisher:
ISBN:
Category : Occupational mobility
Languages : en
Pages : 220
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : de
Pages :
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Book Description
Author: Robert Gibbons
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Abstract: version of the unmeasured-ability explanation.
Author: Toshiaki Tachibanaki
Publisher: Springer
ISBN: 1349262811
Category : Business & Economics
Languages : en
Pages : 385
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Book Description
Wages are a vital economic variable in their influence on employment and unemployment and as the main source of personal income, affecting both living standards and labour incentives. Wage determination is studied here in an international perspective, using a common theoretical framework and statistical method through the individual country chapters to reveal similarities and differences between Japan, South Korea, the United States, Canada, Australia, the United Kingdom, Germany and France.
