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dc.contributor.authorKalwij, Adriaan S.en_US
dc.contributor.authorAlessie, Rob J. M.en_US
dc.date.accessioned2009-01-28T16:15:41Z-
dc.date.available2009-01-28T16:15:41Z-
dc.date.issued2003en_US
dc.identifier.urihttp://hdl.handle.net/10419/20651-
dc.description.abstractWe examine the variance-covariance structure of log-wages over time and over the lifecycle of British men from 1975 to 2001, hereby controlling for cohort effects. Wage inequality has risen sharply during the 1980?s and early 1990?s and remained fairly constant in the second half of the 1990?s. We show that this increase is caused mainly by a strong increase in the transitory wage inequality and only to a lesser extent to an increase in the permanent wage inequality. The transitory component of wages is, however, highly persistent over time: serial correlation decreases from 0.88 over a one-year period to 0.65 over a ten-year period. The constant wage inequality in the second half of the 1990?s is attributed to a slight decrease in permanent wages inequality, a stabilization of the variance of the transitory wage shock, and the strong decrease in the transitory wage inequality for the cohorts entering employment since the end of the 1980?s. Ignoring age effects in transitory wage inequality and cohort effects, as is commonly done, leads to severely distorted inferences concerning the changes in permanent wage inequality.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesIZA Discussion paper series 686en_US
dc.subject.jelJ60en_US
dc.subject.jelJ31en_US
dc.subject.jelD31en_US
dc.subject.jelC23en_US
dc.subject.ddc330en_US
dc.subject.keywordpanel dataen_US
dc.subject.keywordwage distributionen_US
dc.subject.keywordinequalityen_US
dc.subject.keywordmobilityen_US
dc.subject.stwLohnstrukturen_US
dc.subject.stwErwerbsverlaufen_US
dc.subject.stwLebenszyklusen_US
dc.subject.stwSchätzungen_US
dc.subject.stwGroßbritannienen_US
dc.titlePermanent and Transitory Wage Inequality of British Men, 1975-2001: Year, Age and Cohort Effectsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn362043760en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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