The Peer Effect on Future Wages in the Workplace

IF 3.1 3区 经济学 Q2 ECONOMICS
Long Hong, Salvatore Lattanzio
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引用次数: 0

Abstract

This paper examines workplace peer effects in two directions, leveraging employer-employee data for Italy. First, using a novel estimation approach and addressing endogenous worker-peer sorting, we estimate that a 10% increase in peer quality raises one's wage by 1.8% in the next year. The effect declines to 0.7% after 5 years. Second, in an event study around mobility episodes, we quantify wage changes associated with the entry and leave of high-quality and low-quality workers. Hiring high-quality workers positively affects peer wages, as does separating from low-quality workers. Movers experience immediate gains upon moving to high-quality peer groups.

职场中同伴效应对未来工资的影响
本文利用意大利的雇主-雇员数据,从两个方向考察了工作场所同伴效应。首先,我们使用了一种新颖的估计方法,并解决了内生的工人-同伴排序问题,我们估计,同伴质量每提高10%,下一年的工资就会提高1.8%。5年后,这种影响下降到0.7%。其次,在围绕流动性事件的事件研究中,我们量化了与高质量和低质量工人入职和离职相关的工资变化。雇佣高质量的员工会对同行的工资产生积极影响,与低质量的员工分离也会产生积极影响。移动者在移动到高质量的同伴群体后会立即获得收益。
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来源期刊
CiteScore
3.70
自引率
4.80%
发文量
63
期刊介绍: The Journal of Applied Econometrics is an international journal published bi-monthly, plus 1 additional issue (total 7 issues). It aims to publish articles of high quality dealing with the application of existing as well as new econometric techniques to a wide variety of problems in economics and related subjects, covering topics in measurement, estimation, testing, forecasting, and policy analysis. The emphasis is on the careful and rigorous application of econometric techniques and the appropriate interpretation of the results. The economic content of the articles is stressed. A special feature of the Journal is its emphasis on the replicability of results by other researchers. To achieve this aim, authors are expected to make available a complete set of the data used as well as any specialised computer programs employed through a readily accessible medium, preferably in a machine-readable form. The use of microcomputers in applied research and transferability of data is emphasised. The Journal also features occasional sections of short papers re-evaluating previously published papers. The intention of the Journal of Applied Econometrics is to provide an outlet for innovative, quantitative research in economics which cuts across areas of specialisation, involves transferable techniques, and is easily replicable by other researchers. Contributions that introduce statistical methods that are applicable to a variety of economic problems are actively encouraged. The Journal also aims to publish review and survey articles that make recent developments in the field of theoretical and applied econometrics more readily accessible to applied economists in general.
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