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- handle: 10670/1.5s552z
- hal: hal-04532017
- doi: 10.1016/j.euroecorev.2021.103715
- WOS: 000640571200027
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.euroecorev.2021.103715
info:eu-repo/semantics/OpenAccess
Mots-clés
Human capital investment Inequality Wage dynamics Post-schooling Wage growth Random and fixed effects C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables/C.C3.C33 - Panel Data Models • Spatio-temporal Models D - Microeconomics/D.D9 - Intertemporal Choice/D.D9.D91 - Intertemporal Household Choice • Life Cycle Models and Saving I - Health, Education, and Welfare/I.I2 - Education and Research Institutions/I.I2.I24 - Education and Inequality J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J24 - Human Capital • Skills • Occupational Choice • Labor Productivity J - Labor and Demographic Economics/J.J3 - Wages, Compensation, and Labor Costs/J.J3.J31 - Wage Level and Structure • Wage DifferentialsSujets proches
Labor and laboring classes Earnings Wage rates Wage-fund Departmental salaries Remuneration Pay Salaries Compensation Working class--Wages Human assets Human beings--Economic value Human resources Social inequality Social equality Inequality Egalitarianism Students--Education Children--Education Education of children Schooling Pedagogy Youth--Education Instruction Education, Primitive Human resource developmentCiter ce document
Thierry Magnac et al., « Heterogeneity and wage inequalities over the life cycle », HAL-SHS : économie et finance, ID : 10.1016/j.euroecorev.2021.103715
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Résumé
Using data on French male wage workers observed over 30 years, we estimate by random and fixed effect methods a wage equation with pervasive heterogeneity. Individual wage profiles are derived from a human capital investment model and described by a level, a slope and a curvature. Among others, our empirical application delivers original results on issues like the Mincer dip, and the time-varying correlations between wage growth and levels, or between initial wages and growth. Static and long-run inequality indices can easily be compared and decomposed into their multidimensional components.