Do wages underestimate the inequality in workers' rewards? The joint distribution of job quality and wages across occupations

IF 1.6 3区 经济学 Q2 ECONOMICS Economica Pub Date : 2024-02-28 DOI:10.1111/ecca.12516
Andrew E. Clark, Maria Cotofan, Richard Layard
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Abstract

Information on both wages and job quality is needed in order to understand the occupational dispersion of wellbeing. We analyse subjective wellbeing in a large UK sample to construct a measure of ‘overall reward’, the sum of wages and the value of job quality, in 90 different occupations. If only wages are included, then labour market inequality is underestimated: the dispersion of overall rewards is one-third larger than the dispersion of wages. Our findings are similar, and stronger, in data on US workers. We find a positive correlation between job quality and wages in all specifications, both between individuals in the cross-section and within individuals in panel data. The gender and ethnic gaps in the labour market are larger than those in wages alone, and the overall rewards to education on the labour market are underestimated by earnings differentials alone.

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工资是否低估了工人报酬的不平等?工作质量和工资在不同职业中的共同分布
要了解幸福感的职业分布情况,需要工资和工作质量两方面的信息。我们对英国大量样本的主观幸福感进行了分析,从而构建了 90 种不同职业的 "总体报酬 "衡量标准,即工资和工作质量价值的总和。如果只包括工资,那么劳动力市场的不平等就会被低估:总体报酬的离散度比工资的离散度大三分之一。我们的研究结果与美国工人的数据类似,而且更为有力。我们发现,无论是在横截面数据中的个体之间,还是在面板数据中的个体内部,工作质量与工资之间在所有规格中都存在正相关。劳动力市场上的性别和种族差距比单纯的工资差距更大,而且单纯的收入差距低估了劳动力市场上教育的总体回报。
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来源期刊
Economica
Economica ECONOMICS-
CiteScore
2.40
自引率
0.00%
发文量
49
审稿时长
5 weeks
期刊介绍: Economica is an international journal devoted to research in all branches of economics. Theoretical and empirical articles are welcome from all parts of the international research community. Economica is a leading economics journal, appearing high in the published citation rankings. In addition to the main papers which make up each issue, there is an extensive review section, covering a wide range of recently published titles at all levels.
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