Chapter 5 Educational Wage Premia and the Distribution of Earnings: An International Perspective

Peracchi, Franco

doi:10.1016/s1574-0692(06)01005-1

Cited by 42 publications

(37 citation statements)

References 104 publications

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“…The stability of the EWP in the public sector might be related to peculiar institutional factors in this sector, such as stronger union power and the reforms in the wage setting system introduced in 1993and 1998. Naticchioni and Ricci (2008 show that these reforms may have played a role in accounting for the dynamics in EWP and inequality trends.…”

Section: 2mentioning

confidence: 99%

“…The time trends of EWP reveal quite different patterns across countries, since differences in educational systems, income measures, data collection procedures and estimation strategies substantially affect the magnitudes of the estimates and the cross-country comparisons (Gottschalk and Smeeding, 1997;Peracchi, 2006). For this reason, in this survey we focus mainly on the dynamic pattern of educational premia derived in country specific studies.…”

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confidence: 99%

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Far away from a skill-biased change: falling educational wage premia in Italy

2010

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Section: 2mentioning

confidence: 99%

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confidence: 99%

Far away from a skill-biased change: falling educational wage premia in Italy

2010

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“…Studies for the US have documented a strong and steady increase in the collegepremium during the 80's and 90's (Katz and Autor, 1999;Autor, Katz and Kearny, 2008). Peracchi (2006) reviews a large number of country studies and shows that in general skill premia have been constant or increasing in recent years for most Western countries. Gottschalk and Smeeding (1996) in their cross country comparison find that an important driving force behind growing earnings inequality is the growing skill-premium.…”

Section: Rising Returns To Educationmentioning

confidence: 96%

Policies to Create and Destroy Human Capital in Europe

Heckman

Jacobs²

2010

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Trends in skill bias and greater turbulence in modern labor markets put wages and employment prospects of unskilled workers under pressure. Weak incentives to utilize and maintain skills over the life-cycle become manifest with the ageing of the population. Policies to promote human capital formation reduce welfare state dependency among the unskilled and offset inefficiencies in human capital formation. Skill formation features strong dynamic complementarities over the life-cycle. Investments in the human capital of children have higher returns than investments in the human capital of older workers. There is no trade-off between equity and efficiency at early ages of human development but there is a substantial trade-off at later ages. Later remediation of skill deficits acquired in early years often does not meet the cost-benefit criterion. Positive returns to active labor market and training policies are doubtful. Skill formation is impaired when the returns to skill formation are low due to low skill use and insufficient skill maintenance later on in life. High marginal tax rates and generous benefit systems reduce labor force participation rates and hours worked and thereby lower the utilization rate of human capital. Tax-benefit systems redistribute resources from outsiders to insiders in labor markets, which can be both distortionary and inequitable. Actuarially fairer early retirement and pension schemes reduce the incentives to retire early and strengthen incentives for human capital investment by increasing the time-horizon over which returns to human capital are harvested.

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“…education [Psacharopoulos and Patrino (2004), Peracchi (2006)], down to premia for educational differences among sub-categories of specific professions [Mellander and Skedinger (1999)]. …”

Section: Benefits and Costsmentioning

confidence: 99%

Transparency of Human Resource Policy

Mellander

2014

The Oxford Handbook of Economic and Institutional Transparency

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may be saved and copied for your personal and scholarly purposes.You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. licence. www.econstor.eu If the documents have been made available under an Open Content Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated Transparency of human resource policy Erik Mellander WORKING PAPER 2014:24The Institute for Evaluation of Labour Market and Education Policy (IFAU) is a research institute under the Swedish Ministry of Employment, situated in Uppsala. IFAU's objective is to promote, support and carry out scientific evaluations. The assignment includes: the effects of labour market and educational policies, studies of the functioning of the labour market and the labour market effects of social insurance policies. IFAU shall also disseminate its results so that they become accessible to different interested parties in Sweden and abroad.IFAU also provides funding for research projects within its areas of interest. The deadline for applications is October 1 each year. Since the researchers at IFAU are mainly economists, researchers from other disciplines are encouraged to apply for funding.IFAU is run by a Director-General. The institute has a scientific council, consisting of a chairman, the Director-General and five other members. Among other things, the scientific council proposes a decision for the allocation of research grants. A reference group including representatives for employer organizations and trade unions, as well as the ministries and authorities concerned is also connected to the institute. Papers published in the Working Paper Series should, according to the IFAU policy, have been discussed at seminars held at IFAU and at least one other academic forum, and have been read by one external and one internal referee. They need not, however, have undergone the standard scrutiny for publication in a scientific journal. The purpose of the Working Paper Series is to provide a factual basis for public policy and the public policy discussion. AbstractThe scope of public human resource policy is outlined. Motivation for the need of transparency in this policy is provided in terms of informational asymmetries, human capital externalities, and long planning horizo...

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Chapter 5 Educational Wage Premia and the Distribution of Earnings: An International Perspective

Cited by 42 publications

References 104 publications

Far away from a skill-biased change: falling educational wage premia in Italy

Far away from a skill-biased change: falling educational wage premia in Italy

Policies to Create and Destroy Human Capital in Europe

Transparency of Human Resource Policy

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