Understanding Wage Inequality in Australia

In this paper we document rise in wage inequality in Australia over the last decade. A key driver of this inequality is unobservable or residual inequality. We decompose residual wage inequality into permanent and transitory components. The estimates of the permanent shock from the first difference approach allow us to reconcile life-cycle wage inequality.

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Year of publication:	2015-03
Authors:	Chatterjee, Arpita ; Singh, Aarti ; Stone, Tahlee
Institutions:	School of Economics, Faculty of Arts and Social Sciences
Subject:	Wage inequality \| life-cycle \| permanent and transitory \| wage shocks

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series University of Sydney Economics Discussion Papers Number 2015-06
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011212827