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Supply Side Wage Determinants: Overview of Empirical Literature

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  • Balcar Jiří

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

Abstract

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.

Suggested Citation

  • Balcar Jiří, 2012. "Supply Side Wage Determinants: Overview of Empirical Literature," Review of Economic Perspectives, Sciendo, vol. 12(4), pages 207-222, December.
    • Handle: RePEc:vrs:reoecp:v:12:y:2012:i:4:p:207-222:n:1
    DOI: 10.2478/v10135-012-0010-x
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    Cited by:

    1. Maria da Conceição Figueiredo & Elsa Fontainha, 2015. "Male and Female Wage Functions: A Quantile Regression Analysis using LEED and LFS Portuguese Databases," Working Papers Department of Economics 2015/01, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.

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