Changes in the wage structures in EU countries
We study changes in the wage structures in nine EU countries over 1995-2002 and the role of demand, supply and institutional developments in shaping these changes. Using comparable cross-country microeconomic data, we compute for each country and at each decile of the wage distribution, the part of...
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| Veröffentlicht in: | Documentos de trabajo (Banco de España) 2010 (17), p.8-41 |
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| creator | Jimeno Serrano, Juan Francisco Christopoulou, Rebekka |
| description | We study changes in the wage structures in nine EU countries over 1995-2002 and the
role of demand, supply and institutional developments in shaping these changes. Using
comparable cross-country microeconomic data, we compute for each country and at
each decile of the wage distribution, the part of the observed wage change that is due to
changes in the composition of workers, employers, and jobs characteristics, and the part
due to changes in the returns to these characteristics. We fi nd that composition effects
derived from changes in age, gender or education of the labour force, largely exogenous
to economic developments, had a minor contribution to the observed wage dynamics.
In contrast, return and composition effects from characteristics likely driven by economic
developments are found most relevant to explain the observed changes. We relate wages
and their various components with macroeconomic and institutional trends and fi nd that
technology and globalisation are associated with wage increases; migration is associated
with declines in wages; whereas the effect of labour market institutions has been mixed. |
| format | Article |
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role of demand, supply and institutional developments in shaping these changes. Using
comparable cross-country microeconomic data, we compute for each country and at
each decile of the wage distribution, the part of the observed wage change that is due to
changes in the composition of workers, employers, and jobs characteristics, and the part
due to changes in the returns to these characteristics. We fi nd that composition effects
derived from changes in age, gender or education of the labour force, largely exogenous
to economic developments, had a minor contribution to the observed wage dynamics.
In contrast, return and composition effects from characteristics likely driven by economic
developments are found most relevant to explain the observed changes. We relate wages
and their various components with macroeconomic and institutional trends and fi nd that
technology and globalisation are associated with wage increases; migration is associated
with declines in wages; whereas the effect of labour market institutions has been mixed.</description><identifier>ISSN: 0213-2710</identifier><language>eng</language><publisher>Banco de España</publisher><subject>Quantile Regressions ; Wage Structure</subject><ispartof>Documentos de trabajo (Banco de España), 2010 (17), p.8-41</ispartof><rights>free</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>230,314,780,784,885,4021</link.rule.ids></links><search><creatorcontrib>Jimeno Serrano, Juan Francisco</creatorcontrib><creatorcontrib>Christopoulou, Rebekka</creatorcontrib><title>Changes in the wage structures in EU countries</title><title>Documentos de trabajo (Banco de España)</title><description>We study changes in the wage structures in nine EU countries over 1995-2002 and the
role of demand, supply and institutional developments in shaping these changes. Using
comparable cross-country microeconomic data, we compute for each country and at
each decile of the wage distribution, the part of the observed wage change that is due to
changes in the composition of workers, employers, and jobs characteristics, and the part
due to changes in the returns to these characteristics. We fi nd that composition effects
derived from changes in age, gender or education of the labour force, largely exogenous
to economic developments, had a minor contribution to the observed wage dynamics.
In contrast, return and composition effects from characteristics likely driven by economic
developments are found most relevant to explain the observed changes. We relate wages
and their various components with macroeconomic and institutional trends and fi nd that
technology and globalisation are associated with wage increases; migration is associated
with declines in wages; whereas the effect of labour market institutions has been mixed.</description><subject>Quantile Regressions</subject><subject>Wage Structure</subject><issn>0213-2710</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><recordid>eNpjYeA0MDI01jUyNzTgYOAqLs4yMDCzMDQw4mTQc85IzEtPLVbIzFMoyUhVKE9MT1UoLikqTS4pLYIIu4YqJOeX5pUUZaYW8zCwpiXmFKfyQmluBm031xBnD92cxJLMvMy8lNSK-IKizNzEosr4_MTM-KLU5PyilHhTUwMTQ0tj0lQDABnyOUQ</recordid><startdate>2010</startdate><enddate>2010</enddate><creator>Jimeno Serrano, Juan Francisco</creator><creator>Christopoulou, Rebekka</creator><general>Banco de España</general><scope>77F</scope></search><sort><creationdate>2010</creationdate><title>Changes in the wage structures in EU countries</title><author>Jimeno Serrano, Juan Francisco ; Christopoulou, Rebekka</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-latinindex_primary_oai_record_5504193</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Quantile Regressions</topic><topic>Wage Structure</topic><toplevel>online_resources</toplevel><creatorcontrib>Jimeno Serrano, Juan Francisco</creatorcontrib><creatorcontrib>Christopoulou, Rebekka</creatorcontrib><collection>Latindex</collection><jtitle>Documentos de trabajo (Banco de España)</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Jimeno Serrano, Juan Francisco</au><au>Christopoulou, Rebekka</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Changes in the wage structures in EU countries</atitle><jtitle>Documentos de trabajo (Banco de España)</jtitle><date>2010</date><risdate>2010</risdate><issue>17</issue><spage>8</spage><epage>41</epage><pages>8-41</pages><issn>0213-2710</issn><abstract>We study changes in the wage structures in nine EU countries over 1995-2002 and the
role of demand, supply and institutional developments in shaping these changes. Using
comparable cross-country microeconomic data, we compute for each country and at
each decile of the wage distribution, the part of the observed wage change that is due to
changes in the composition of workers, employers, and jobs characteristics, and the part
due to changes in the returns to these characteristics. We fi nd that composition effects
derived from changes in age, gender or education of the labour force, largely exogenous
to economic developments, had a minor contribution to the observed wage dynamics.
In contrast, return and composition effects from characteristics likely driven by economic
developments are found most relevant to explain the observed changes. We relate wages
and their various components with macroeconomic and institutional trends and fi nd that
technology and globalisation are associated with wage increases; migration is associated
with declines in wages; whereas the effect of labour market institutions has been mixed.</abstract><pub>Banco de España</pub><oa>free_for_read</oa></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0213-2710 |
| ispartof | Documentos de trabajo (Banco de España), 2010 (17), p.8-41 |
| issn | 0213-2710 |
| language | eng |
| recordid | cdi_latinindex_primary_oai_record_550419 |
| source | Alma/SFX Local Collection; EZB Electronic Journals Library |
| subjects | Quantile Regressions Wage Structure |
| title | Changes in the wage structures in EU countries |
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