Inter‐industry Wage Differences and Individual Heterogeneity*
利用英国家庭面板调查数据，发现个体特征能解释约90%的工资差异，但行业间仍存在小但统计显著的工资溢价。
Abstract Two well‐established findings are apparent in the analyses of individual wage determination: cross‐section wage equations can account for less than half of the variance in earnings and there are large and persistent inter‐industry wage differentials. We explore these two empirical regularities using longitudinal data from the British Household Panel Survey (BHPS). We show that around 90% of the variation in earnings can be explained by observed and unobserved individual characteristics. However, small – but statistically significant – industry wage premia do remain, and there is also a role for a rich set of job and workplace controls.