The Impact of education and mismatch on wages: Germany, 1984-2000
Muysken, Joan, Hoppe, Mombert and Rieder, Hannah (2002). The Impact of education and mismatch on wages: Germany, 1984-2000. UNU-MERIT Research Memoranda. UNU-MERIT.
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Sub-type Working paper Author Muysken, Joan
Hoppe, Mombert
Rieder, HannahTitle The Impact of education and mismatch on wages: Germany, 1984-2000 Series Title UNU-MERIT Research Memoranda Volume/Issue No. 31 Publication Date 2002 Publisher UNU-MERIT 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 Germany, 1984 ' 2000. 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 an the USA, the returns to experience are the same in all countries, while the premiums on required skills and in particular education are much higher in the USA. Copyright Year 2002 Copyright type All rights reserved -
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