Resumé
Originalsprog | Engelsk |
---|---|
Tidsskrift | Applied Economics Letters |
Vol/bind | 21 |
Udgave nummer | 16 |
Sider (fra-til) | 1144-1147 |
ISSN | 1350-4851 |
DOI | |
Status | Udgivet - 2014 |
Emneord
- Decomposition
- Finance wage premium
- Financial crisis
Citer dette
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The US Finance Wage Premium Before and After the Financial Crisis : A Decomposition Exercise. / Capuano, Stella; Lai, Tat-kei; Schmerer, Hans-Jörg.
I: Applied Economics Letters, Bind 21, Nr. 16, 2014, s. 1144-1147.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › peer review
TY - JOUR
T1 - The US Finance Wage Premium Before and After the Financial Crisis
T2 - A Decomposition Exercise
AU - Capuano, Stella
AU - Lai, Tat-kei
AU - Schmerer, Hans-Jörg
PY - 2014
Y1 - 2014
N2 - Does the recent financial crisis change the wage structures of the US finance and nonfinance sectors? In this article, we study the wage gap between workers in these two sectors between 1990 and 2011. Using data from the Current Population Survey, we find that the finance wage premium increased over time and only dropped modestly during the crisis. Using the Oaxaca–Blinder method to decompose the wage gap into ‘explained’ and ‘unexplained’ parts, we also find that the wage gap was entirely driven by unexplained factors.
AB - Does the recent financial crisis change the wage structures of the US finance and nonfinance sectors? In this article, we study the wage gap between workers in these two sectors between 1990 and 2011. Using data from the Current Population Survey, we find that the finance wage premium increased over time and only dropped modestly during the crisis. Using the Oaxaca–Blinder method to decompose the wage gap into ‘explained’ and ‘unexplained’ parts, we also find that the wage gap was entirely driven by unexplained factors.
KW - Decomposition
KW - Finance wage premium
KW - Financial crisis
U2 - 10.1080/13504851.2014.914134
DO - 10.1080/13504851.2014.914134
M3 - Journal article
VL - 21
SP - 1144
EP - 1147
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
IS - 16
ER -