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Source: Tel Aviv University
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Ganzach, Yoav Pazy, Asya Gotlibovsky, Chemi |
On the Scaling and Modeling of Pay Working Paper No. 5/2012, The Faculty of Management,Tel Aviv University, May 2012 Cohort(s): NLSY79 Publisher: Tel Aviv University Keyword(s): Wage Models; Wage Rates Permission to reprint the abstract has not been received from the publisher. A number of recent studies use nominal pay in estimating pay models. We show that this practice may lead to results that are substantially different from the results of log pay models, and that the differences between the two types of models are considerable when it comes to interaction effects, but less so when it comes to main effects. We conduct two constructive replications of previous studies that used either log pay or nominal pay to examine these differences. (This paper was partially financed by the Henry Crown Institute of Business Research in Israel.) |
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Bibliography Citation
Ganzach, Yoav, Asya Pazy and Chemi Gotlibovsky. "On the Scaling and Modeling of Pay." Working Paper No. 5/2012, The Faculty of Management,Tel Aviv University, May 2012. |