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Longitudinal Study: HILDA
Title: Is the Age Ingredient in Self-Reported Material Hardship Explained by Resources, Needs, Behaviours or Reporting Bias?
Authors: Yerokhin, O 
Siminski, P 
Institution: University of Wollongong Faculty of Commerce Economics
Publication Date: Mar-2008
Pages: 30
Keywords: GMM
panel data
public sector
Abstract: This paper estimates the average Australian public sector wage premium. It includes a detailed critical review of the methods available to address this issue. The chosen approach is a quasi‐differenced panel data model, estimated by the Generalised Method of Moments, which has many advantages over other methods and has not been used before for this topic. I find a positive average public sector wage premium for both sexes. The best estimates are 6.7% for men and 10.5% for women. The estimate is statistically significant for men (p = 0.024) and for women (p < 0.001). No evidence is found to suggest that the public sector has an equalising effect on the wages of its workers.
Keywords: Finance -- Income (Salary and Wages); Finance
Research collection: Reports and technical papers
Appears in Collections:Reports

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