Öz
This paper examines the role of employees and firm characteristics in determining
the Malaysian economy’s pay structure. It utilises a uniquely matched firm-worker
dataset from one common year (2006), which allows for a more in-depth
analysis of worker- and firm-specific effects on the individual worker’s pay.
Using this matched data, we are able to estimate the statistical firm effect, but
since we only have data for one year, we cannot therefore disentangle aspects of
this effect that are due to unobservable worker or firm heterogeneity. And so, we
adapted the two-stage estimation strategy proposed by Abowd, Kramarz, and
Morgalis (2000) in order to keep any potential simultaneity bias under control.
The result indicates that observable worker characteristics and unobserved firm-effects
are important elements of pay determination. However, firm-effects seem
to explain the variability in pay determination more than observable worker
characteristics. In addition, the relationship between pay components (average
predicted pay and firm-effect) and firm performance (productivity and
profitability) exhibits a positive tendency. This implies that higher paid workers,
either because of worker characteristics or firm-effects, are being employed in
firms that are more productive and profitable.
Anahtar Kelimeler
Pay determination heterogeneity matched employer-employee data
Kaynakça
- Abowd, J.M., Kramarz, F. & Margolis, D.N. (1999),“High Wage Workers and High Wage Firms”. Econometrica, Vol. 67, pp. 251-33
- Cameron, C. & Trivedi, P. (2009), Microeconometrics Using Stata, College
- Station, Texas: Stata Press. Coedited with John Haltiwanger, Jim Spletzer, Jules Theeuwes and Ken Troske, (2007), The Creation and Analysis of Employer and Employee Matched Data: part of the North Holland Contributions to Economic Analysis Series, Bingley,
- UK: Emerald Group Publishing Limited. Jaeger, D. A., and M.E. Page, (1996), “Degrees Matter: New Evidence on
- Sheepskin Effects in the Returns to Education,” Review of Economics and Statistics, Vol 78, No. 4, pp. 733-740. Jeffrey M. Wooldridge, (2002), Econometric Analysis of Cross Section and Panel Data, Cambridge, London: The MIT Press.
- Mincer, J. (1974),”Schooling Experience and Earnings”, New York: Columbia University Press.
Öz
Kaynakça
- Abowd, J.M., Kramarz, F. & Margolis, D.N. (1999),“High Wage Workers and High Wage Firms”. Econometrica, Vol. 67, pp. 251-33
- Cameron, C. & Trivedi, P. (2009), Microeconometrics Using Stata, College
- Station, Texas: Stata Press. Coedited with John Haltiwanger, Jim Spletzer, Jules Theeuwes and Ken Troske, (2007), The Creation and Analysis of Employer and Employee Matched Data: part of the North Holland Contributions to Economic Analysis Series, Bingley,
- UK: Emerald Group Publishing Limited. Jaeger, D. A., and M.E. Page, (1996), “Degrees Matter: New Evidence on
- Sheepskin Effects in the Returns to Education,” Review of Economics and Statistics, Vol 78, No. 4, pp. 733-740. Jeffrey M. Wooldridge, (2002), Econometric Analysis of Cross Section and Panel Data, Cambridge, London: The MIT Press.
- Mincer, J. (1974),”Schooling Experience and Earnings”, New York: Columbia University Press.
Ayrıntılar
| Diğer ID | JA62EV28FU |
|---|---|
| Bölüm | Makaleler |
| Yazarlar | |
| Yayımlanma Tarihi | 1 Aralık 2012 |
| Yayımlandığı Sayı | Yıl 2012 Cilt: 4 Sayı: 2 |