Decomposing wage variation: a comment on Michael P. Keane's “Individual heterogeneity and interindustry wage differentials”.
Keane (1993) uses panel data to control for the effects of time-invariant individual characteristics when estimating the effects of industry on wages. He concludes that these individual effects can account for 84 percent of the industry-associated variation found in typical cross-section studies....
| Publicado en: | Journal of Human Resources Vol. 30; pp. 853 - 861 |
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| Formato: | Artículo |
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University of Wisconsin Press
Fall95
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=508572841&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 508572841 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 0022166X JHR jtl: Journal of Human Resources issn: 0022166X maglogo: N pubinfo: dt: Fall95 vid: 30 pid: 249 pub: University of Wisconsin Press artinfo: ui: 508572841 10.2307/146235 ppf: 853 ppct: 8 formats: fmt: – @attributes: type: T – @attributes: type: P size: 419KB tig: atl: Decomposing wage variation: a comment on Michael P. Keane's “Individual heterogeneity and interindustry wage differentials”. aug: au: Blackburn, McKinley L. su: Wage differentials American men Employment Wages Mathematical models sug: subj: Wage differentials American men Employment Wages Mathematical models ab: Keane (1993) uses panel data to control for the effects of time-invariant individual characteristics when estimating the effects of industry on wages. He concludes that these individual effects can account for 84 percent of the industry-associated variation found in typical cross-section studies. I argue that this conclusion is based on a misleading wage variance decomposition that would tend to overstate the importance of individual effects. A reconsideration of Keane's results shows that his estimates are of a similar magnitude to those of earlier studies that attempt to control for individual ability. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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