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| Title: | | Understanding inter-industry wage structures in the euro area  |
| Authors: | | Genre, Véronique Kohn, Karsten Momferatou, Daphne |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA discussion papers 4114 |
| Abstract: | | This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross-country panel of 22 industries in 8 euro area countries for 1991-2002. Data inspection confirms the existence of a fairly stable inter-industry wage structure that is similar across countries. We then apply panel data techniques to identify factors explaining inter-industry wage differentials in the euro area. Both workforce characteristics (e.g., human capital variables) and firm-related characteristics (e.g., capital intensity, productivity) contribute significantly. However, considerable wage heterogeneity across sectors remains. Idiosyncratic sector and country specifics, reflecting different socio-cultural and institutional backgrounds, appear to bear a major role. While our empirical analysis only uses direct evidence from workforce and firm-related characteristics, we also try to relate the remaining heterogeneity to institutional characteristics, based on related literature. |
| Subjects: | | Euro area inter-industry wage differentials panel estimation firm and workforce characteristics labour market institutions |
| JEL: | | J31 J24 J51 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20090513115 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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