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The Gender Wage Gap among Young Adults in the United States: The Importance of Money versus People

The Gender Wage Gap among Young Adults in the United States: The Importance of Money versus People Using two single-cohort longitudinal surveys, the NLS72 and the NELS88, I investigate the impact of four noncognitive traits—self-esteem, external locus of control, the importance of money/work and the importance of people/family—on wages and on the gender wage gap among these young workers. I find that gender differences in these noncognitive factors, especially the importance of money/work, have a modest but significant role in accounting for the gender wage gap. Methodologically, this paper proposes a correction to the Oaxaca-Blinder-Ransom decomposition that results in a truly decomposable approach compatible with the simple pooled regression that includes a gender dummy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resources University of Wisconsin Press

The Gender Wage Gap among Young Adults in the United States: The Importance of Money versus People

Journal of Human Resources , Volume 43 (4) – Apr 4, 2012

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Publisher
University of Wisconsin Press
ISSN
1548-8004

Abstract

Using two single-cohort longitudinal surveys, the NLS72 and the NELS88, I investigate the impact of four noncognitive traits—self-esteem, external locus of control, the importance of money/work and the importance of people/family—on wages and on the gender wage gap among these young workers. I find that gender differences in these noncognitive factors, especially the importance of money/work, have a modest but significant role in accounting for the gender wage gap. Methodologically, this paper proposes a correction to the Oaxaca-Blinder-Ransom decomposition that results in a truly decomposable approach compatible with the simple pooled regression that includes a gender dummy.

Journal

Journal of Human ResourcesUniversity of Wisconsin Press

Published: Apr 4, 2012

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