Permanent and transitory wages of British men, 1975–2001: year, age and cohort effects
英国男性的永久与暂时工资：1975—2001年的年份、年龄和队列效应
Abstract We examine the mean and variance–covariance structure of log‐wages over calendar time and the life cycle of British men, hereby controlling for birth cohort effects. We attribute the strong increase in mean log‐wage during the 1980s and 1990s to a rise in mean log‐wage with the year of birth. This rise is diminishing with the year of birth, which implies lower wage inequality between cohorts with the year of birth. Wage inequality has increased during the 1980s and…