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Autoren: 
Fitzenberger, Bernd
Hujer, Reinhard
MaCurdy, Thomas E.
Schnabel, Reinhold
Datum: 
1995
Reihe/Nr.: 
Diskussionspapier 22
Zusammenfassung: 
Based on social security data, this paper analyzes wage trends for full employed males by estimating (censored) quantile regressions as functions of age, cohort, education, and year. We test whether a parsimonious specification separating life cycle effects from macroeconomic effects can describe the dynamics of wages. Our results indicate that insider wages are uniformly affected by a acroeconomic trend. For some education groups, this also holds for entry wages. Since within-inequality stays fairly constant, the estimated profiles characterize the entire wage distribution. After controlling for age and cohort, also wage differentials across education remain roughly stable..
Schlagwörter: 
wage inequality
cohort analysis
decomposition of life cycle profile and time trend
quantile regressions
censoring
Dokumentart: 
Working Paper

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