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Article dans une revue European Economic Review Année : 2021

Heterogeneity and wage inequalities over the life cycle

Résumé

Using data on French male wage workers observed over 30 years, we estimate by random and fixed effect methods a wage equation with pervasive heterogeneity. Individual wage profiles are derived from a human capital investment model and described by a level, a slope and a curvature. Among others, our empirical application delivers original results on issues like the Mincer dip, and the time-varying correlations between wage growth and levels, or between initial wages and growth. Static and long-run inequality indices can easily be compared and decomposed into their multidimensional components.
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Dates et versions

hal-04532017, version 1 (04-04-2024)

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Citer

Thierry Magnac, Sébastien Roux. Heterogeneity and wage inequalities over the life cycle. European Economic Review, 2021, 134, pp.103715. ⟨10.1016/j.euroecorev.2021.103715⟩. ⟨hal-04532017⟩
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Dernière date de mise à jour le 28/04/2024
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