• Title/Summary/Keyword: parsimoniously specified wage function

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First-Born Effects on Wage (임금에 대한 맏이 효과)

  • Park, Ki Seong
    • Journal of Labour Economics
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    • v.35 no.1
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    • pp.1-19
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    • 2012
  • This paper estimated the first-born effects on wage among wage and salary workers born in 1954 to 1973 with the 2003 KLIPS data set. The first-born effect on wage was estimated as 7.3% with the parsimoniously specified wage function using age and gender. Adding various variables as independent variables, the effects were estimated statistically insignificantly differently, the effect was estimated as 7.6% with adding education, tenure, marital status, father's education, the number of siblings, and health. The effect is not statistically significantly different from that of the parsimoniously specified wage function. We estimated the first-born effects of male, and female wage and salary workers separately. The first-born effects of male wage and salary workers were estimated as 5.9~8.8%. The first-born effects of female wage and salary workers were estimated as 8.8~9.9%.

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