The dynamic structure of wages in Germany 1976 - 1984: A cohort analysis

Bernd Fitzenberger, Reinhard Hujer, Thomas E. MaCurdy and Reinhold Schnabel

No 22, Discussion Papers from University of Konstanz, Center for International Labor Economics (CILE)

Abstract: Based on social security data, this paper analyzes wage trends for full employed males by estimating (censored) quantile regressions as functions of age, cohort, education, and year. We test whether a parsimonious specification separating life cycle effects from macroeconomic effects can describe the dynamics of wages. Our results indicate that insider wages are uniformly affected by a acroeconomic trend. For some education groups, this also holds for entry wages. Since within-inequality stays fairly constant, the estimated profiles characterize the entire wage distribution. After controlling for age and cohort, also wage differentials across education remain roughly stable..

Keywords: wage inequality; cohort analysis; decomposition of life cycle profile and time trend; quantile regressions; censoring (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (5)

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