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Autor:innen: 
Erscheinungsjahr: 
2002
Schriftenreihe/Nr.: 
Reihe Ökonomie / Economics Series No. 114
Verlag: 
Institute for Advanced Studies (IHS), Vienna
Zusammenfassung: 
The behaviour of individual movements in the wage distribution over time can be described by a Markov process. To investigate wage mobility in terms of transitions between quintiles in the wage distribution we apply a fixed effects panel estimation method suggested by Honorè and Kyriazidou (2000). This method of mobility measurement is robust to data contamination like all methods that treat fractiles. Moreover it allows for the inclusion of exogenous variables that change over time. We apply the estimator to a set of individual data form the Austrian social security records and find that disregarding unobserved heterogeneity greatly underestimates wage mobility. Simulated earnings profiles show that women are less mobile than men and have a tendency to be stuck in the lower part of the wage distribution.
Schlagwörter: 
wage mobility
Markov process
fixed effects panel estimation
JEL: 
C23
C25
J31
J60
Dokumentart: 
Working Paper

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