Mexico : human capital effects on wages and productivity /

Mexico : human capital effects on wages and productivity /

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Bibliographic Details
Author / Creator:	Lopez Acevedo, Gladys.
Imprint:	Washington, D.C. : World Bank, Latin America and the Caribbean Region, Poverty Sector Unit, 2005.
Description:	29 p. ; 28 cm.
Language:	English
Series:	Policy research working paper ; 3791 Policy research working papers ; 3791.
Subject:	Wages -- Mexico. Labor productivity -- Mexico. Labor productivity. Wages. Mexico.
Format:	E-Resource Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/5885909

Hidden Bibliographic Details
Other authors / contributors:	Tinajero, Monica. Rubio, Marcela. World Bank. Latin America and the Caribbean Regional Office. Poverty Sector Unit.
Notes:	"December 2005"--Cover. Includes bibliographical references (p. 27-29). Also available on the World Wide Web.
Summary:	The authors follow the Hellerstein, Neumark, and Troske (1999) framework to estimate marginal productivity differentials and compare them with estimated relative wages. The analysis provides evidence on productivity and nonproductivity-based determinations of wages. Special emphasis is given to the effects of human capital variables, such as education, experience, and training on wages and productivity differentials. Higher education yields higher productivity. However, highly educated workers earn less than their productivity differentials would predict. On average, highly educated workers are unable to fully appropriate their productivity gains of education through wages. On the other hand, workers with more experience are more productive in the same proportion that they earn more in medium and large firms, meaning they are fully compensated for their higher productivity. Finally, workers in micro and small firms are paid more than what their productivity would merit. Training benefits firms and employees since it significantly increases workers' productivity and their earnings.

Mansueto

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Holdings details from Mansueto
Call Number:	HG3879.P6 no.3791
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