Arbeitspapier
Workers, firms and life-cycle wage dynamics
Studies of individual wage dynamics typically ignore firm heterogeneity, whereas decompositions of earnings into worker and firm effects abstract from life-cycle considerations. We study firm effects in individual wage dynamics using administrative data on the population of Italian employers and employees. We propose a novel identification strategy for firm-related wage components exploiting the informative content of the wage covariance structure of coworkers. Wage inequality increases three-fold over the working life; firm effects are predominant while young, but sorting of workers into firms becomes increasingly important, explaining the largest share of lifetime inequality. Static models that do not allow for life-cycle dynamics underestimate the importance of sorting and overstate match and firm effects.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 67
- Klassifikation
-
Wirtschaft
Human Capital; Skills; Occupational Choice; Labor Productivity
Wage Level and Structure; Wage Differentials
- Thema
-
Wage inequality
Wage dynamics
Co-workers' covariance
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Bingley, Paul
Cappellari, Lorenzo
- Ereignis
-
Veröffentlichung
- (wer)
-
Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE)
- (wo)
-
Milano
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Bingley, Paul
- Cappellari, Lorenzo
- Università Cattolica del Sacro Cuore, Dipartimento di Economia e Finanza (DISCE)
Entstanden
- 2018
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