✦ LIBER ✦

The relationship between wage growth and wage levels

✍ Scribed by Tricia Gladden; Christopher Taber

Publisher: John Wiley and Sons
Year: 2009
Tongue: English
Weight: 157 KB
Volume: 24
Category: Article
ISSN: 0883-7252
DOI: 10.1002/jae.1072

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

We estimate the covariance between the permanent component of wages and a random coefficient on experience in models both with potential experience and with actual experience. Actual experience is allowed to be arbitrarily correlated with both the permanent component of wages and the random component on experience. We find no evidence that workers of higher ability experience faster wage growth. Our point estimates suggest that a worker with a one standard deviation higher level of permanent ability would have a return to annual potential experience that is 0.61 of a percentage point lower. The analogous point estimate for actual experience is 0.87 of a point lower. Contrary to the popular perception, wage growth among low‐skill workers appears to be at least as high as that for a medium‐skilled worker. Copyright © 2009 John Wiley & Sons, Ltd.

📜 SIMILAR VOLUMES

Correlation between unionization and hig

Correlation between unionization and higher wages

📂 Article 📅 1999 🏛 John Wiley and Sons ⚖ 125 KB

foundation, which can be contacted toll free at 800-336-3600, is assisting thousands of employees in more than 400 cases nationwide. Its website address is www.nrtw.org.

Wage differentials between the public an

Wage differentials between the public and private sectors in India

✍ Elena Glinskaya; Michael Lokshin 📂 Article 📅 2007 🏛 John Wiley and Sons 🌐 English ⚖ 272 KB

## Abstract This study uses 1993–94 and 1999–2000 rounds of India Employment and Unemployment survey to investigate wage differentials between the public and private sectors. To obtain robust estimates of the wage differential, we apply three econometric techniques each relying on a different set o

The interactions between health benefits

The interactions between health benefits and farm wages in Virginia

✍ Jeffrey Alwang; Judith I. Stallmann 📂 Article 📅 1994 🏛 John Wiley and Sons 🌐 English ⚖ 728 KB

Ethnic wage differences in Malaysia: par

Ethnic wage differences in Malaysia: parametric and semiparametric estimation of the Chinese–Malay wage gap

✍ Marcia M. A. Schafgans 📂 Article 📅 1998 🏛 John Wiley and Sons 🌐 English ⚖ 234 KB

Parametric and semiparametric estimated wage equations, which correct for sample selection bias, are used to assess the returns to eduction and extent of ethnic `discrimination' in (Peninsular) Malaysia. In particular, this paper focuses on the level of `discrimination' between Malay and Chinese men

Stability and wage acceleration in macro

Stability and wage acceleration in macroeconomic models of cyclical growth

✍ A. R. Bergstrom 📂 Article 📅 2001 🏛 John Wiley and Sons 🌐 English ⚖ 98 KB

## Abstract This paper is concerned with the stability of macroeconomic models in which there is no long‐run trade‐off between unemployment and inflation, because of a wage adjustment equation based on the NAIRU concept. It is shown, for a simple theoretical model and for the Bergstrom–Nowman–Wymer

The perils of state wage-deduction laws

✍ James H. Coil III; Samuel C. Burch 📂 Article 📅 2004 🏛 John Wiley and Sons 🌐 English ⚖ 128 KB