Heterogeneity and wage inequalities over the life cycle
Thierry Magnac () and
Sébastien Roux ()
European Economic Review, 2021, vol. 134, issue C
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.
Keywords: Human capital investment; Inequality; Wage dynamics; Post-schooling wage growth; Random and fixed effects (search for similar items in EconPapers)
JEL-codes: C33 D91 I24 J24 J31 (search for similar items in EconPapers)
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Working Paper: Heterogeneity and Wage Inequalities over the Life Cycle (2021)
Working Paper: Heterogeneity and Wage Inequalities over the Life Cycle (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:134:y:2021:i:c:s0014292121000684
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