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

Author

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  • Juan Mora

    () (Universidad de Alicante)

  • Antonia Febrer

    (Universidad de Alicante)

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.

Suggested Citation

  • Juan Mora & Antonia Febrer, 2005. "Wage Distribution In Spain, 1994-1999: An Application Of A Flexible Estimator Of Conditional Distributions," Working Papers. Serie EC 2005-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:2005-04
    as

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    File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-2005-04.pdf
    File Function: Fisrt version / Primera version, 2005
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    References listed on IDEAS

    as
    1. Zheng, John Xu, 2000. "A Consistent Test Of Conditional Parametric Distributions," Econometric Theory, Cambridge University Press, vol. 16(05), pages 667-691, October.
    2. Meyer, Bruce D, 1990. "Unemployment Insurance and Unemployment Spells," Econometrica, Econometric Society, vol. 58(4), pages 757-782, July.
    3. Nicole M. Fortin & Thomas Lemieux, 1998. "Rank Regressions, Wage Distributions, and the Gender Gap," Journal of Human Resources, University of Wisconsin Press, vol. 33(3), pages 610-643.
    4. Donald W. K. Andrews, 1997. "A Conditional Kolmogorov Test," Econometrica, Econometric Society, vol. 65(5), pages 1097-1128, September.
    5. Stephen G. Donald & David A. Green & Harry J. Paarsch, 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, Oxford University Press, vol. 67(4), pages 609-633.
    6. Koenker,Roger, 2005. "Quantile Regression," Cambridge Books, Cambridge University Press, number 9780521845731, April.
    7. Jushan Bai, 2003. "Testing Parametric Conditional Distributions of Dynamic Models," The Review of Economics and Statistics, MIT Press, vol. 85(3), pages 531-549, August.
    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.
    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.
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    Citations

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    Cited by:

    1. Aitor Lacuesta & Sergio Puente & Pilar Cuadrado, 2009. "Omitted variables in the measure of a labour quality index: the case of Spain," Working Papers 0835, Banco de España;Working Papers Homepage.
    2. 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.
    3. Facundo Alvaredo & Emmanuel Saez, 2007. "Income and wealth concentration in Spain in a historical and fiscal perspective," Working Papers halshs-00587714, HAL.
    4. Aitor Lacuesta & Mario Izquierdo, 2012. "The contribution of changes in employment composition and relative returns to the evolution of wage inequality: the case of Spain," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(2), pages 511-543, January.
    5. repec:gam:jecomi:v:5:y:2017:i:2:p:14-:d:97287 is not listed on IDEAS

    More about this item

    Keywords

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

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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