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New Zealand Wage Equations: 1988-2013

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dc.contributor.author Nolan, Matt
dc.date.accessioned 2018-09-06T03:03:46Z
dc.date.accessioned 2022-07-11T23:03:29Z
dc.date.available 2018-09-06T03:03:46Z
dc.date.available 2022-07-11T23:03:29Z
dc.date.copyright 2018
dc.date.issued 2018
dc.identifier.uri https://ir.wgtn.ac.nz/handle/123456789/20840
dc.description.abstract This paper reports estimates for wage equations for New Zealand wage and salary earners for four periods: 1987/88-1990/91, 1991/92-1997/98, 2000/01-2007/08, and 2008/09-2012/13. Utilizing data from the Household Economic Survey (HES) between 1987 and 2013 the appropriate data are pooled and separated into five demographic groups (coupled men, coupled women, single men, single women, and single parents), allowing the estimation of five wage equations for each year. Each of these 20 wage equations is tested for selection bias and estimation is adjusted using the Heckman correction where appropriate. Unlike prior estimates of the New Zealand wage equation, there is an allowance for variance in the selection equation. The main purpose of such an exercise is to impute wage rates for those who are not employed, information that is necessary for future estimates of the subgroups preference between leisure and wage income. However, these estimates are also used to discuss the evolution of the wage equation for varying demographic groups through time. This allows for a quantitative description of how the return to observed characteristics changed for demographic subgroups between 1988 and 2013. en_NZ
dc.format pdf en_NZ
dc.language.iso en_NZ
dc.publisher Te Herenga Waka—Victoria University of Wellington en_NZ
dc.relation.ispartofseries Working Papers in Public Finance ; 5/2018 en_NZ
dc.subject Wage rates en_NZ
dc.subject New Zealand en_NZ
dc.subject Wage equations en_NZ
dc.title New Zealand Wage Equations: 1988-2013 en_NZ
dc.type Text en_NZ
vuwschema.contributor.unit School of Accounting and Commercial Law en_NZ
vuwschema.subject.anzsrcfor 140211 Labour Economics en_NZ
vuwschema.type.vuw Working or Occasional Paper en_NZ
vuwschema.subject.anzsrcforV2 380111 Labour economics en_NZ
dc.rights.rightsholder www.victoria.ac.nz/sacl/about/cpf en_NZ

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