Returns to schooling in a dynamic model
Autor(a) principal: | |
---|---|
Data de Publicação: | 2005 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.3/3307 |
Resumo: | The paper develops a dynamic approach to Mincer equations. It is shown that a static model is based on the restrictive hypotheses that the total return to schooling is constant over the working life and independent of bargaining issues. A dynamic approach allows to show that the total return to schooling of a new labor-market entrant positively depends on his/her bargaining power as employee; the total return increases at a decreasing rate in the first part of the working life and depends of bargaining issues; afterwards it becomes roughly constant and independent of bargaining. The main implication is that a static model may produce distorted empirical results when using data on young workers since unable to account for the pattern of the total return to schooling in the first part of the working life. I show the latter using data from the U.S. National Longitudinal Survey of Youth (1980-1987) and analyzing the impact of education on within-group wage inequality a la Martins and Pereira (2004a). However, a static model does not produce distorted empirical results when using data on relatively experienced workers. I show the latter using Portuguese data from the European Community Household Panel (1994-2001). |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Returns to schooling in a dynamic modelReturns to EducationQuantile RegressionsWage InequalityThe paper develops a dynamic approach to Mincer equations. It is shown that a static model is based on the restrictive hypotheses that the total return to schooling is constant over the working life and independent of bargaining issues. A dynamic approach allows to show that the total return to schooling of a new labor-market entrant positively depends on his/her bargaining power as employee; the total return increases at a decreasing rate in the first part of the working life and depends of bargaining issues; afterwards it becomes roughly constant and independent of bargaining. The main implication is that a static model may produce distorted empirical results when using data on young workers since unable to account for the pattern of the total return to schooling in the first part of the working life. I show the latter using data from the U.S. National Longitudinal Survey of Youth (1980-1987) and analyzing the impact of education on within-group wage inequality a la Martins and Pereira (2004a). However, a static model does not produce distorted empirical results when using data on relatively experienced workers. I show the latter using Portuguese data from the European Community Household Panel (1994-2001).CEEAplARepositório da Universidade dos AçoresAndini, Corrado2015-02-11T15:32:36Z2005-032005-03-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.3/3307enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2022-12-20T14:28:39Zoai:repositorio.uac.pt:10400.3/3307Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T16:23:59.073219Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Returns to schooling in a dynamic model |
title |
Returns to schooling in a dynamic model |
spellingShingle |
Returns to schooling in a dynamic model Andini, Corrado Returns to Education Quantile Regressions Wage Inequality |
title_short |
Returns to schooling in a dynamic model |
title_full |
Returns to schooling in a dynamic model |
title_fullStr |
Returns to schooling in a dynamic model |
title_full_unstemmed |
Returns to schooling in a dynamic model |
title_sort |
Returns to schooling in a dynamic model |
author |
Andini, Corrado |
author_facet |
Andini, Corrado |
author_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade dos Açores |
dc.contributor.author.fl_str_mv |
Andini, Corrado |
dc.subject.por.fl_str_mv |
Returns to Education Quantile Regressions Wage Inequality |
topic |
Returns to Education Quantile Regressions Wage Inequality |
description |
The paper develops a dynamic approach to Mincer equations. It is shown that a static model is based on the restrictive hypotheses that the total return to schooling is constant over the working life and independent of bargaining issues. A dynamic approach allows to show that the total return to schooling of a new labor-market entrant positively depends on his/her bargaining power as employee; the total return increases at a decreasing rate in the first part of the working life and depends of bargaining issues; afterwards it becomes roughly constant and independent of bargaining. The main implication is that a static model may produce distorted empirical results when using data on young workers since unable to account for the pattern of the total return to schooling in the first part of the working life. I show the latter using data from the U.S. National Longitudinal Survey of Youth (1980-1987) and analyzing the impact of education on within-group wage inequality a la Martins and Pereira (2004a). However, a static model does not produce distorted empirical results when using data on relatively experienced workers. I show the latter using Portuguese data from the European Community Household Panel (1994-2001). |
publishDate |
2005 |
dc.date.none.fl_str_mv |
2005-03 2005-03-01T00:00:00Z 2015-02-11T15:32:36Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.3/3307 |
url |
http://hdl.handle.net/10400.3/3307 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
CEEAplA |
publisher.none.fl_str_mv |
CEEAplA |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
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1799130684755804160 |