The changing composition of academic majors and wage dynamics: Beyond mean returns

Natalia Kyui and Natalia Radchenko

Journal of Comparative Economics, 2021, vol. 49, issue 2, 358-381

Abstract: This paper studies the effects of the changing composition of academic majors during expansion of higher education on the dynamics of wage distribution. Using a unique dataset constructed from open-ended responses in the Russia Longitudinal Monitoring Survey, we conduct a structural analysis of wage distribution dynamics for higher education graduates over 2002–2016. In addition to the standard mean wage estimations across majors we explore within-major and across-cohort variation, as well as major-specific permanent and transitory variance components and their time paths.

Keywords: Returns to academic majors; Wage dynamics and inequality; Structural analysis of wage variance (search for similar items in EconPapers)
JEL-codes: I2 J31 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jcecon:v:49:y:2021:i:2:p:358-381

DOI: 10.1016/j.jce.2020.07.009

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