| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16999 |
| DP16999 Lifecycle Wages and Human Capital Investments: Selection and Missing Data | |
| Laurent Gobillon; Thierry Magnac; Sébastien Roux | |
| 发表日期 | 2022-02-03 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We derive wage equations with individual specific coefficients 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 flexible way by using interactive effects. 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 affect average wages. More surprisingly, they also negatively affect the inter-decile range of wages after twenty years, and this is due to interruptions being endogeneous. These results question the popular Missing At Random assumption that is made when assessing the building up of wage inequalities over the life cycle. |
| 主题 | Labour Economics |
| 关键词 | Human capital investment Wage inequalities Factor models Missing data |
| URL | https://cepr.org/publications/dp16999 |
| 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/545945 |
| 推荐引用方式 GB/T 7714 | Laurent Gobillon,Thierry Magnac,Sébastien Roux. DP16999 Lifecycle Wages and Human Capital Investments: Selection and Missing Data. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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