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Low‐Wage Youth Employment: A Permanent or Transitory State? *
Author(s) -
MILLER PAUL W.
Publication year - 1989
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.1989.tb00921.x
Subject(s) - wage , economics , distribution (mathematics) , labour economics , position (finance) , human capital , action (physics) , state (computer science) , demographic economics , economic growth , mathematical analysis , physics , mathematics , finance , quantum mechanics , algorithm , computer science
One of the striking features of the youth wage distribution in the extent to which an individual's relative position in the distribution changes between contiguous years. Formal modelling of these changes using a bivatiate probit model suggests that low‐wage employment should not, in general be viewed as a permanent state. Individuals in low‐wage jobs in adjacent years are characteried by u lack of human capital Accordingly. remedical action might be directed towards augmenting their skills through supplementary schooling or labour market training.