Measuring the Gap between the Wage and Productivity of Workers using Employer Employee Matched Panel Data

Research Project

Project/Area Number	26590048
Research Category	Grant-in-Aid for Challenging Exploratory Research
Allocation Type	Multi-year Fund
Research Field	Public finance/Public economy
Research Institution	Nihon University (2017) Research Institute of Economy, Trade and Industry (2014-2016)
Principal Investigator	ODAKI Kazuhiko 日本大学, 経済学部, 教授 (60314431)
Project Period (FY)	2014-04-01 – 2018-03-31
Project Status	Completed (Fiscal Year 2017)
Budget Amount *help	¥3,510,000 (Direct Cost: ¥2,700,000、Indirect Cost: ¥810,000) Fiscal Year 2016: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000) Fiscal Year 2015: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000) Fiscal Year 2014: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Keywords	労働経済学 / 賃金と生産性の比較 / ミンサー型賃金関数
Outline of Final Research Achievements	Human capital theory established by Becker predicts that wages of young workers are higher than their productivity, while their productivity will become higher after training completes. Lazear insists that deferred payment results lower wages for young workers and higher wages for elderly workers than their productivity. This research joins standard production function and standard Mincer style wage function. The data analysis results that wages are higher than productivity for young workers, then the productivity exceeds wages, and again, wage exceeds productivity for elderly workers.

Report

(5 results)