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Wage Distribution In Spain, 1994-1999: An Application Of A Flexible Estimator Of Conditional Distributions

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Author Info
Juan Mora () (Universidad de Alicante)
Antonia Febrer (Universidad de Alicante)

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Abstract

To investigate the trends in wages in Spain in 1994-1999, we propose a flexible estimator of conditional distributions. The estimator, based on a piecewise-linear specification of the conditional hazard function, allows us to capture almost any underlying relationship and is unaffected by the curse of dimensionality. Our results reveal that the main changes in the labor market involved graduate workers entering the labor market: the ¿overeducation¿ phenomenon intensified in Spain between 1994 and 1999, provoking a decrease in returns to schooling at higher levels of education. En este trabajo proponemos analizar la evolución de los salarios en España entre 1994 y 1999 utilizando un estimador flexible de las distribuciones condicionales. Este estimador, basado en una especificación lineal a tramos de la función de razón de fallo condicional, permite captar casi cualquier relación subyacente, y no se ve afectado por la maldición de la dimensionalidad. Los resultados que obtenemos muestran que los cambios más importantes en el mercado laboral se han producido en el grupo de los trabajadores con estudios superiores que entran al mercado laboral. En concreto, se observa que el fenómeno de “sobreeducación” se intensificó en España entre 1994 y 1999, provocando un descenso de los rendimientos de la educación en los niveles de educación superiores.

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Publisher Info
Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2005-04.

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Length: 40 pages
Date of creation: Feb 2005
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Publication status: Published by Ivie
Handle: RePEc:ivi:wpasec:2005-04

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Related research
Keywords: Estimación basada en la función de fallo; Distribución salarial Hazard-Based Estimation; Wage Distribution;

Find related papers by JEL classification:
C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Semiparametric and Nonparametric Methods
J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Zheng, John Xu, 2000. "A Consistent Test Of Conditional Parametric Distributions," Econometric Theory, Cambridge University Press, vol. 16(05), pages 667-691, October. [Downloadable!]
  2. Meyer, Bruce D, 1990. "Unemployment Insurance and Unemployment Spells," Econometrica, Econometric Society, vol. 58(4), pages 757-82, July. [Downloadable!] (restricted)
    Other versions:
  3. Donald, Stephen G & Green, David A & Paarsch, Harry J, 2000. "Differences in Wage Distributions between Canada and the United States: An Application of a Flexible Estimator of Distribution Functions in the Presence of Covariates," Review of Economic Studies, Blackwell Publishing, vol. 67(4), pages 609-33, October.
  4. Donald W. K. Andrews, 1997. "A Conditional Kolmogorov Test," Econometrica, Econometric Society, vol. 65(5), pages 1097-1128, September.
    Other versions:
  5. Fortin, N.M. & Lemieux, T., 1996. "Rank Regressions, Wage Distributions and the Gender Gap," Cahiers de recherche 9607, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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  6. Jushan Bai, 2003. "Testing Parametric Conditional Distributions of Dynamic Models," The Review of Economics and Statistics, MIT Press, vol. 85(3), pages 531-549, 06. [Downloadable!] (restricted)
  7. Roger Koenker & Kevin F. Hallock, 2001. "Quantile Regression," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 143-156, Fall. [Downloadable!] (restricted)
  8. Rubb, Stephen, 2003. "Overeducation: a short or long run phenomenon for individuals?," Economics of Education Review, Elsevier, vol. 22(4), pages 389-394, August. [Downloadable!] (restricted)
  9. Alba-Ramirez, Alfonso & San Segundo, Maria Jesus, 1995. "The returns to education in Spain," Economics of Education Review, Elsevier, vol. 14(2), pages 155-166, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Alvaredo, Facundo & Saez, Emmanuel, 2006. "Income and Wealth Concentration in Spain in a Historical and Fiscal Perspective," CEPR Discussion Papers 5836, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
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