Template-Type: ReDIF-Article 1.0

Author-Name:  Jiri Balcar
Author-Name-First: Jiri
Author-Name-Last: Balcar
Author-Email:  balcar@rpic-vip.cz
Author-Workplace-Name: RPIC-ViP s.r.o., Vystavni 2224/8, 709 00, Ostrava, Czech Republic

Title:  Supply Side Wage Determinants: Overview of Empirical Literature

Abstract:  The list of variables included in wage models has been extended substantially since 1974 when Mincer published his model containing years of schooling and quadratic function of potential experience. This paper provides an overview of the variables most often employed in wage equations, including results from their estimations. Education, experience, particular skills, psychological traits, beauty and health, social capital, characteristics potentially connected with discrimination, individual's household characteristics and social, cultural and economic background the individual was exposed to during childhood and adolescence, all these are aggregated fields of interest which are discussed in detail. The paper is concluded by the outline of the probable development of research on wage determinants.

Journal: Review of Economic Perspectives
Pages: 207-222
Volume: 12
Issue: 4
Year: 2012
Month: December

File-URL: https://is.muni.cz/do/econ/soubory/aktivity/obzor/6182612/37711507/2012_4_1_Balcar.pdf
File-Format: Application/pdf
File-Function: First version, 2012

Classification-JEL: J71, J31, J24, J13, J12
Keywords: Wage Determinants, social capital, skills, psychological traits, overview, household characteristics, health, experience, education, discrimination, beauty, background

Handle: RePEc:nho:journl:v:12:y:2012:i:4:p:207-222