Intraoccupational Wage Dispersion
Frederic L. Pryor
Abstract
Frederic L. Pryor
Abstract
This note explores the determinants of hourly wage dispersion of four‐digit occupations. Depending on how intraoccupational wage dispersion is measured, the ordinary least squares regression analysis can isolate two or three determinants, the most important of which is the average educational level of those in the occupation. Comparison of overall wage dispersion and the isolated determinants suggest that it seems likely that occupational wage dispersion should increase in coming years.
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This note explores the determinants of hourly wage dispersion of four‐digit occupations. Depending on how intraoccupational wage dispersion is measured, the ordinary least squares regression analysis can isolate two or three determinants, the most important of which is the average educational level of those in the occupation. Comparison of overall wage dispersion and the isolated determinants suggest that it seems likely that occupational wage dispersion should increase in coming years.
Key concepts: Wage dispersion, Dispersion (optics), Ordinary least squares, Wage, Economics, Econometrics, Demographic economics, Regression analysis