Fogel, Walter
October 1979
Industrial & Labor Relations Review;Oct79, Vol. 33 Issue 1, p24
Academic Journal
This study investigates various influences on occupational earnings by estimating a standard human capital equation across 175 detailed occupational classifications, using the mean 1969 earnings of full-year male workers in each occupation as the dependent variable. The equation accounts for two-thirds of the earnings variations, but the author argues that fraction overstates the equation's explanatory value. He finds it significant that occupations with the largest positive residuals (‘high paid’) included a number of manager and self-employed groups and those with the largest negative residuals (‘low paid’) included several service and female-oriented occupations.


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