G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15083
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
URLhttps://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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