2017 Fiscal Year Final Research Report
Measuring the Gap between the Wage and Productivity of Workers using Employer Employee Matched Panel Data
| 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 |
|
|---|
| Project Period (FY) |
2014-04-01 – 2018-03-31
|
| 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.
|
| Free Research Field |
人的資本
|
