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来源类型Working Paper
规范类型报告
DOI10.3386/w4917
来源IDWorking Paper 4917
High Wage Workers and High Wage Firms
John M. Abowd; Francis Kramarz; David N. Margolis
发表日期1994-11-01
出版年1994
语种英语
摘要We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials.
主题Labor Economics ; Labor Compensation ; Econometrics ; Estimation Methods
URLhttps://www.nber.org/papers/w4917
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/562335
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GB/T 7714
John M. Abowd,Francis Kramarz,David N. Margolis. High Wage Workers and High Wage Firms. 1994.
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