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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP15083 |
DP15083 Heterogeneity and Wage Inequalities over the Life Cycle | |
Thierry Magnac; Sébastien Roux | |
发表日期 | 2020-07-23 |
出版年 | 2020 |
语种 | 英语 |
摘要 | Using data on French male wage employees observed over 30 years, we estimate individual-specific parameters of a human capital investment model by random and fixed effect methods. Individual wage profiles are described by a level, a slope and a curvature. Among the salient results, cross-section inequalities exceed life-cycle inequalities by a factor increasing from 20% to 80%, and permanent heterogeneity explains between 60 and 90% of the variance of wages. Multidimensional heterogeneity, and in particular the heterogeneous curvature of individual profiles, is found to be necessary to properly describe the stochastic process of wages over the life-cycle. |
主题 | Labour Economics |
关键词 | Human capital investment Inequality Wage dynamics Post-schooling wage growth Random and fixed effects |
URL | https://cepr.org/publications/dp15083 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544039 |
推荐引用方式 GB/T 7714 | Thierry Magnac,Sébastien Roux. DP15083 Heterogeneity and Wage Inequalities over the Life Cycle. 2020. |
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