The impact of education and mismatch on wages: the USA, 1986-1996

Muysken, Joan, Weissbrich, Andrea and von Restorff, Claus-Henning (2002). The impact of education and mismatch on wages: the USA, 1986-1996. UNU-MERIT Research Memoranda. UNU-MERIT.

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  • Sub-type Working paper
    Author Muysken, Joan
    Weissbrich, Andrea
    von Restorff, Claus-Henning
    Title The impact of education and mismatch on wages: the USA, 1986-1996
    Series Title UNU-MERIT Research Memoranda
    Volume/Issue No. 15
    Publication Date 2002
    Place of Publication Maastricht, NL
    Publisher UNU-MERIT
    Pages 28
    Language eng
    Abstract In analysing the impact of education on wage differentials and wage growth, we use next to personal characteristics (e.g. education and experience) also job characteristics (e.g. skills required) to explain wages. We estimate wage equations on individual data for the USA, 1986 ' 1996. When discussing observed and previously unobserved heterogeneity it turns out that personal characteristics like education and experience explain about half of the variation in wages. At least 20 per cent is explained by variation in job characteristics. When comparing the results with similar research for the Netherlands, the returns to experience are the same in both countries, while the premiums on education and in particular required skills are much higher in the US.
    Copyright Holder n/a
    Copyright Year 2002
    Copyright type All rights reserved
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    Created: Fri, 13 Dec 2013, 12:42:31 JST