Wage dynamics and unobserved heterogeneity: time preference or learning ability?
"A large portion of the variation in wages and wage growth rates among individuals is due to "unobserved" heterogeneity, and the source of individual heterogeneity is typically attributed to data limitations and/or the unobservability of certain productivity related factors. In this p...
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| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2005
|
| Series: | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
11031 |
| Subjects: | |
| Online Access: | Volltext |
| Summary: | "A large portion of the variation in wages and wage growth rates among individuals is due to "unobserved" heterogeneity, and the source of individual heterogeneity is typically attributed to data limitations and/or the unobservability of certain productivity related factors. In this paper we develop a test that discriminates between two inherently unobservable sources of heterogeneity (both of which can clearly account for the variation in wages and wage growth rates): learning ability and workers' inter-temporal preferences (discounting). We apply this test to the large observed differences in wages and wage growth rates between smokers and non-smokers. The evidence supports the discounting hypothesis"--National Bureau of Economic Research web site. |
| Physical Description: | 33 S. graph. Darst. |
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| index_date | 2024-07-02T22:41:28Z |
| indexdate | 2024-07-09T21:25:10Z |
| institution | BVB |
| language | English |
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| physical | 33 S. graph. Darst. |
| publishDate | 2005 |
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| publisher | National Bureau of Economic Research |
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| series | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| series2 | National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series |
| spelling | Munasinghe, Lalith Verfasser (DE-588)129799491 aut Wage dynamics and unobserved heterogeneity time preference or learning ability? Lalith Munasinghe ; Nachum Sicherman Cambridge, Mass. National Bureau of Economic Research 2005 33 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11031 "A large portion of the variation in wages and wage growth rates among individuals is due to "unobserved" heterogeneity, and the source of individual heterogeneity is typically attributed to data limitations and/or the unobservability of certain productivity related factors. In this paper we develop a test that discriminates between two inherently unobservable sources of heterogeneity (both of which can clearly account for the variation in wages and wage growth rates): learning ability and workers' inter-temporal preferences (discounting). We apply this test to the large observed differences in wages and wage growth rates between smokers and non-smokers. The evidence supports the discounting hypothesis"--National Bureau of Economic Research web site. Ökonometrisches Modell Wages Econometric models Sicherman, Nachum Verfasser (DE-588)129799513 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11031 (DE-604)BV002801238 11031 http://papers.nber.org/papers/w11031.pdf kostenfrei Volltext |
| spellingShingle | Munasinghe, Lalith Sicherman, Nachum Wage dynamics and unobserved heterogeneity time preference or learning ability? National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series Ökonometrisches Modell Wages Econometric models |
| title | Wage dynamics and unobserved heterogeneity time preference or learning ability? |
| title_auth | Wage dynamics and unobserved heterogeneity time preference or learning ability? |
| title_exact_search | Wage dynamics and unobserved heterogeneity time preference or learning ability? |
| title_exact_search_txtP | Wage dynamics and unobserved heterogeneity time preference or learning ability? |
| title_full | Wage dynamics and unobserved heterogeneity time preference or learning ability? Lalith Munasinghe ; Nachum Sicherman |
| title_fullStr | Wage dynamics and unobserved heterogeneity time preference or learning ability? Lalith Munasinghe ; Nachum Sicherman |
| title_full_unstemmed | Wage dynamics and unobserved heterogeneity time preference or learning ability? Lalith Munasinghe ; Nachum Sicherman |
| title_short | Wage dynamics and unobserved heterogeneity |
| title_sort | wage dynamics and unobserved heterogeneity time preference or learning ability |
| title_sub | time preference or learning ability? |
| topic | Ökonometrisches Modell Wages Econometric models |
| topic_facet | Ökonometrisches Modell Wages Econometric models |
| url | http://papers.nber.org/papers/w11031.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT munasinghelalith wagedynamicsandunobservedheterogeneitytimepreferenceorlearningability AT sichermannachum wagedynamicsandunobservedheterogeneitytimepreferenceorlearningability |