Arbeitspapier
Understanding inter-industry wage structures in the euro area
This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross-country panel of 22 industries in 8 euro area countries for 1991-2002. Data inspection confirms the existence of a fairly stable inter- industry wage structure that is similar across countries. We then apply panel data techniques to identify factors explaining inter-industry wage differentials in the euro area. Both workforce characteristics (e.g., human capital variables) and firm-related characteristics (e.g., capital intensity, productivity) contribute significantly. However, considerable wage heterogeneity across sectors remains. Idiosyncratic sector and country specifics, reflecting different sociocultural and institutional backgrounds, appear to bear a major role. While our paper only uses direct evidence from workforce and firm-related characteristics, we also try to relate the remaining heterogeneity to institutional characteristics, based on available relevant literature.
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 1022
- Klassifikation
-
Wirtschaft
Wage Level and Structure; Wage Differentials
Human Capital; Skills; Occupational Choice; Labor Productivity
Trade Unions: Objectives, Structure, and Effects
- Thema
-
euro area
firm and workforce characteristics
inter-industry wage differentials
Labour market institutions
panel estimation
Sektorale Lohnstruktur
Eurozone
Humankapital
Kapitalintensität
Produktivität
Arbeitsmarktflexibilität
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Genre, Véronique
Kohn, Karsten
Momferatou, Daphne
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Genre, Véronique
- Kohn, Karsten
- Momferatou, Daphne
- European Central Bank (ECB)
Entstanden
- 2009
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