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dc.contributor.authorKalwij, Adriaan S.en
dc.contributor.authorAlessie, Rob J. M.en
dc.date.accessioned2009-01-28T16:15:41Z-
dc.date.available2009-01-28T16:15:41Z-
dc.date.issued2003-
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 wageinequality. 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 employmentsince 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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x686en
dc.subject.jelJ60en
dc.subject.jelJ31en
dc.subject.jelD31en
dc.subject.jelC23en
dc.subject.ddc330en
dc.subject.keywordpanel dataen
dc.subject.keywordwage distributionen
dc.subject.keywordinequalityen
dc.subject.keywordmobilityen
dc.subject.stwLohnstrukturen
dc.subject.stwErwerbsverlaufen
dc.subject.stwLebenszyklusen
dc.subject.stwSchätzungen
dc.subject.stwGroßbritannienen
dc.titlePermanent and Transitory Wage Inequality of British Men, 1975-2001: Year, Age and Cohort Effects-
dc.typeWorking Paperen
dc.identifier.ppn362043760en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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