Home About us Contact
|
Home About us Contact | ||
|
|
||
Earnings Profiles (earning + profile)
Selected AbstractsA COHORT ANALYSIS OF US AGE,EARNINGS PROFILESBULLETIN OF ECONOMIC RESEARCH, Issue 2 2008Kosei Fukuda J31; C51 ABSTRACT Aggregate data on US earnings, classified by period and by age, are decomposed into age, period and cohort effects, using the Bayesian cohort models, which were developed to overcome the identification problem in cohort analysis. The main findings, obtained by comparing college and high school graduates, are threefold. First, the age effects show a downward trend for the age group of 45,49 onwards for high school graduates but do not show any such trend for college graduates. Second, the period effects show a downward trend for high school graduates but reveal no such trend for college graduates. Third, the cohort effects are negligible for both college and high school graduates. [source] Seniority Profiles in Unionized Workplaces: Do Unions Still have the Edge?,OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 3 2008Alexandros Zangelidis Abstract The focus of this study is to distinguish the different paths seniority earning profiles follow depending on whether the individual is employed in a workplace where trade unions and collective bargaining are present, or not. Within this framework, two propositions are set. In the union sector seniority should be an important determinant of wages, while in the non-union sector productivity, proxied by occupational experience, should have a key role on earning profiles. The empirical analysis verifies both propositions. Seniority earning profiles appear to be steeper in the union sector, while occupational expertise is estimated to have a more significant role in non-union jobs. [source] The Distributional Impact of Pension System Reforms: An Application to the Italian CaseFISCAL STUDIES, Issue 4 2004MARGHERITA BORELLA Between 1992 and 1995, the Italian pension system was deeply reformed, and it is now moving from an earnings-related to a contribution-based scheme. The pre-1992 system was generous and redistributive; however, often redistribution operated from the poor to the rich, notably because the benefit formula was based on the last years of earnings, thus benefiting workers with steep earnings profiles. The new contribution-based scheme may enhance equity by removing (some of) the inequities implicit in the previous system. Simulations calibrated on Italian male employees show that the contribution-based scheme reduces inequality among all groups considered, with the exception of college graduates employed in the private sector. When taking into account the average level of the benefit as well as its distribution, the analysis shows mixed results depending on the worker's number of years of contribution and on their retirement age, as well as on the steepness of their earnings profile. [source] RISING OCCUPATIONAL AND INDUSTRY MOBILITY IN THE UNITED STATES: 1968,97,INTERNATIONAL ECONOMIC REVIEW, Issue 1 2008Gueorgui Kambourov We document and analyze the high level and the substantial increase in worker mobility in the United States over the 1968,97 period at various levels of occupational and industry aggregation. This is important in light of the recent findings that human capital of workers is largely occupation- or industry-specific. To control for measurement error in occupation and industry coding, we develop a method that utilizes the PSID Retrospective Occupation-Industry Supplemental Data Files. We emphasize the importance of our findings for understanding a number of issues such as the changes in wage inequality, aggregate productivity, job stability, and life-cycle earnings profiles. [source] Lifetime Earnings, Discount Rate, Ability and the Demand for Post,compulsory Education in Men in England and WalesBULLETIN OF ECONOMIC RESEARCH, Issue 3 2002Daniel JohnsonArticle first published online: 16 DEC 200 Human capital theory suggests educational investments are made based on expected returns over the lifetime. Most other work in this field, particularly using British data, is based on demand models estimated in reduced form, with no earnings measures, or crudely constructed earnings measures, based on one or two earnings observations per individual. We present a structural model of demand for educational investment which includes estimates of earnings paths for educational options as determinants of educational choice. This provides us with directly interpretable parameter estimates. The discount rate is also determined within our demand model. Ability controlled earnings profiles are estimated by matching individuals from the General Household Survey to individuals in similar occupations from the National Child Development Survey (NCDS). Our results show that expected earnings profiles vary according to observed ability and educational choice. Results from the demand model show that expected lifetime earnings have a significant impact on educational choice. Other socio,demographic factors, particularly social class, also exhibit significant influences on the education decision. We estimate the discount rate to be lower than reported in other studies. [source] | ||||||||||