Inter-industry Wage Differences and Individual Heterogeneity

Collier, William J. and Carruth, Alan and Dickerson, Andrew (2004) Inter-industry Wage Differences and Individual Heterogeneity. Oxford Bulletin of Economics and Statistics, 66 . pp. 811-846. ISSN 0305-9049. (The full text of this publication is not available from this repository)

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Official URL
http://dx.doi.org/10.1111/j.1468-0084.2004.103_1.x

Abstract

Two well-established findings are apparent in the analyses of individual wage determination: cross-section wage equations can account for less than half of the variance in earnings and there are large and persistent inter-industry wage differentials. We explore these two empirical regularities using longitudinal data from the British Household Panel Survey (BHPS). We show that around 90% of the variation in earnings can be explained by observed and unobserved individual characteristics. However, small – but statistically significant – industry wage premia do remain, and there is also a role for a rich set of job and workplace controls.

Item Type: Article
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: William Collier
Date Deposited: 19 Dec 2007 18:22
Last Modified: 01 May 2014 09:15
Resource URI: http://kar.kent.ac.uk/id/eprint/591 (The current URI for this page, for reference purposes)
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