EconPapers    
Economics at your fingertips  
 

Heterogeneity and wage inequalities over the life cycle

Thierry Magnac () and Sébastien Roux ()

European Economic Review, 2021, vol. 134, issue C

Abstract: 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)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0014292121000684
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Heterogeneity and Wage Inequalities over the Life Cycle (2021) Downloads
Working Paper: Heterogeneity and Wage Inequalities over the Life Cycle (2020) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:134:y:2021:i:c:s0014292121000684

DOI: 10.1016/j.euroecorev.2021.103715

Access Statistics for this article

European Economic Review is currently edited by T.S. Eicher, A. Imrohoroglu, E. Leeper, J. Oechssler and M. Pesendorfer

More articles in European Economic Review from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2021-10-15
Handle: RePEc:eee:eecrev:v:134:y:2021:i:c:s0014292121000684