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Title: Determination of Participation Decision, Hiring Decision, and Wages in A Double Selection Framework: Male-Female Wage Differentials in the U.S. Labor Market Revisited
Resulting in 1 citation.
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Mohanty, Madhu Sudan |
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Determination of Participation Decision, Hiring Decision, and Wages in A Double Selection Framework: Male-Female Wage Differentials in the U.S. Labor Market Revisited Contemporary Economic Policy 19,2 (April 2001): 197-212. Also: http://onlinelibrary.wiley.com/doi/10.1111/j.1465-7287.2001.tb00061.x/abstract Cohort(s): NLSY79 Publisher: Western Economic Association International Keyword(s): Gender Differences; Labor Force Participation; Labor Market Demographics; Sample Selection; Wage Differentials; Wage Equations The magnitude of the male-female wage differential is known to be highly sensitive to the specification of the wage equations used. An important source of misspecification is the failure to correct the sample selection bias that results from estimating the wage equation obtained through 2 sequential decisions: the worker's decision to participate in the labor market and the employer's decision to hire. Following a double selection approach and using a sample from the National Longitudinal Survey of Youth, this article examines the determinants of not only the wage equation but also the worker's participation and the employer's hiring decisions in both male and female samples. The study further demonstrates that the unexplained male-female wage differential remains underestimated when the roles of both selection decisions are ignored in the estimation of wage equations. Copyright Western Economic Association Apr 2001. |
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Bibliography Citation
Mohanty, Madhu Sudan. "Determination of Participation Decision, Hiring Decision, and Wages in A Double Selection Framework: Male-Female Wage Differentials in the U.S. Labor Market Revisited." Contemporary Economic Policy 19,2 (April 2001): 197-212.
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