Industry Premium: What we Know and What The New Zealand Data Say

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dc.contributor.author Bandyopadhyay, Debasis en
dc.date.accessioned 2006-11-30T20:53:23Z en
dc.date.available 2006-11-30T20:53:23Z en
dc.date.issued 1999 en
dc.identifier.citation Department of Economics Working Paper Series 194 en
dc.identifier.uri http://hdl.handle.net/2292/151 en
dc.description.abstract This paper critically reviews conventional explanations of why the individual income reflects an industry premium. It presents four facts about industry premiums in New Zealand to highlight the limitation of those explanations. In particular, it suggests that competitive theories that refer to unobservable characteristics or compensating wage differentials are too broad and non-competitive theories that rely on the efficiency wage hypothesis are too narrow to successfully explain what the New Zealand data reveal. Employees receive industry premium, but so do the self-employed, and do so more than the employees if uneducated; but the premium difference falls as the education level rises. en
dc.format.extent application/pdf en
dc.format.mimetype text en
dc.language.iso en en
dc.publisher ResearchSpace@Auckland en
dc.relation.ispartofseries Department of Economics Working Paper Series (1997-2006) en
dc.rights Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. en
dc.rights.uri https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm en
dc.subject.other Economics en
dc.title Industry Premium: What we Know and What The New Zealand Data Say en
dc.type Working Paper en
dc.rights.holder Copyright: the author en
dc.rights.accessrights http://purl.org/eprint/accessRights/OpenAccess en
pubs.org-id Economics en


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