Supply Side Wage Determinants: Overview of Empirical Literature

• Authors: Jiří Balcar
• Languages of publication: EN

Abstracts

EN

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.

Keywords

EN

overview; wage determinants; education; experience; skills; psychological traits; beauty; health; social capital; discrimination; household characteristics; background

• Publisher: Sciendo
• Journal: Review of Economic Perspectives
• Year: 2012
• Volume: 12
• Issue: 4
• Pages: 207-222

Dates

published

2012-12-01

online

2013-01-29

Contributors

author

Jiří Balcar

• VSB - Technical University of Ostrava, Economic faculty, Sokolská třída 33, 701 21 Ostrava

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Identifiers

DOI

10.2478/v10135-012-0010-x