Wage and earnings inequality between and within occupations: The role of labor supply

IF 4.3 2区经济学 Q1 BUSINESS, FINANCE

Journal of Monetary Economics Pub Date : 2024-07-01 DOI:10.1016/j.jmoneco.2024.01.006

Andrés Erosa , Luisa Fuster , Gueorgui Kambourov , Richard Rogerson

引用次数: 0

Abstract

We document systematic differences in wage and earnings inequality both between and within occupations and show that these differences are intimately related to systematic differences in labor supply across occupations. We then develop a variant of a Roy model in which earnings are a non-linear function of hours, with the extent of this non-linearity differing across occupations. In our theory, the interplay between heterogeneity in tastes for leisure and occupational differences in non-linearities affects the sorting of workers. Moreover, this interplay is crucial to account for the facts on the distributions of hours, wages, and earnings within and across occupations.

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职业之间和职业内部的工资和收入不平等：劳动力供给的作用

我们记录了不同职业之间以及职业内部工资和收入不平等的系统性差异，并表明这些差异与不同职业之间劳动力供给的系统性差异密切相关。然后，我们建立了一个罗伊模型的变体，在这个模型中，收入是工时的非线性函数，而这种非线性的程度因职业而异。在我们的理论中，休闲品味的异质性和非线性的职业差异之间的相互作用会影响工人的分拣。此外，这种相互作用对于解释职业内部和职业之间的工时、工资和收入分布情况至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Monetary Economics Multiple-

CiteScore

7.20

自引率

4.90%

发文量

审稿时长

74 days

期刊介绍： The profession has witnessed over the past twenty years a remarkable expansion of research activities bearing on problems in the broader field of monetary economics. The strong interest in monetary analysis has been increasingly matched in recent years by the growing attention to the working and structure of financial institutions. The role of various institutional arrangements, the consequences of specific changes in banking structure and the welfare aspects of structural policies have attracted an increasing interest in the profession. There has also been a growing attention to the operation of credit markets and to various aspects in the behavior of rates of return on assets. The Journal of Monetary Economics provides a specialized forum for the publication of this research.