APPLICATION OF THE MINCER EARNING FUNCTION IN ANALYZING GENDER PAY GAP IN SERBIA

Stojanka Dakić, Mirko Savić

DOI Number
10.22190/FUEO1702155D
First page
155
Last page
162

Abstract


Better economic status of women in the labour market and reduction of gender pay gap is an important determinant of economic and social progress of the country. Gender pay gap is one of the key indicators of women's access to economic opportunities and undoubtedly one of the most constant features of the labour market. Failure to comply with the principle of equality and equal opportunities for women and men is considered a violation of basic human rights. As a result there are significant losses in the economy of countries such as loss of business and economic benefits, and insufficient use of available human resources. If there is no economic independence, all other measures taken to improve the position of women in society in general have much less success and influence. The aim of this paper is to determine whether there is a difference between men and women regarding wages. Mincer earnings function according to which individuals' earnings are function of the achieved level of education and work experience, served as the basis for analysis of the factors that determine the formation of wages. For the analysis we have used data collected by the survey EU-SILC in 2014 in Serbia. Regression model was built and confirmed the presence of the gender gap in earnings and the impact of gender on the formation of wages in the context that females earn less than males. Due to the inadequacy of the available data, the height of the gender gap in earnings has not been determined, nor its decomposition done.


Keywords

gender pay gap, labour market, regression model, EU-SILC

Full Text:

PDF

References


Adamchik, V.A. & Bedi, A.S. (2000). Wage differentials between the public and the private sectors: Evidence from an economy in transition. Labour Economics 7(2), 203-224.

Avlijaš, S., Ivanović, N., Vladisavljević, M., Vujić, S. (2013).Gender Pay Gap in Western Balkan Countries: evidence from Serbia, Montenegro and Macedonia. Beograd: FREN.

Blunch, N. H. (2010). The Gender Earnings Gap Revisited: A Comparative Study for Serbia and Five Countries in Eastern Europe and Central Asia. Background paper commissioned by the World Bank’s Poverty Reduction and Economic Management Unit, Europe and Central Asia Region Department.

Blunch & Sulla (2010). The Financial Crisis, Labor Market Transitions and Earnings Growth: A Gendered Panel Data Analysis for Serbia. Background Paper, Poverty Reduction and Economic Management Unit, Europe and Central Asia Region Department, Washington, DC: World Bank.

Blau, F. D & Kahn, L. M. (2000). Gender Differences in Pay. Journal of Economic Perspectives 14(4), 75-99.

Falaris, M.E. (2004). Public and private sector wages in Bulgaria. Journal of Comparative Economics 32, 56–72.

Heckman, J. J., L. J. Lochner, & P. E. Todd (2006). Earnings Functions, Rates of Return and Treatment Effects: The Mincer Equation and Beyond in Handbook of the Economics of Education, ed. by E. A. Hanushek and F. Welch, New York: Elsevier, 307–458.

Lemieux, T. (2006). The “Mincer Equation” Thirty Years after Schooling, Experience, and Earnings, in Jacob Mincer: A Pioneer of Modern Labor Economics, ed. by S. Grossbard, New York, NY: Springer, chap. 11, 127–145.

Kecmanović, M. & Barrett, G. (2011). The Gender Wage Gap during Serbia's Transition. Comparative Economic Studies 53, 695–720.

Krstić, G. & Reilly, B. (2000). The gender pay gap in the Federal Republic of Yugoslavia. Economic Thought 33, 191–213.

Krstić, G., Litchfield, J. & Reilly, B. (2007). An anatomy of male labour market earnings inequality in Serbia 1996-2003. Economic Systems 31, 97-114.

Lokshin, M. & Jovanović, B. (2003). Wage differentials and state-private sector employment choice in Yugoslavia. Economics of Transition 11, 463-491.

Newell, A. & Reilly, B. (2001). The gender pay gap in the transition from communism: Some empirical evidence. Economic Systems 25(4), 287-304.

Mincer, J. (1974). Schooling, Experience and Earnings. New York: Columbia University Press.

Mincer, J. & Polachek, S. (1974) Family investments in human capital: Earnings of women, Journal of Political Economy, 82(2), pp. 76-108.

Mincer, J. & Polachek, S. (1978) Women’s earnings re-examined, The Journal of Human Resources 13(1), pp.118-134.

Ognjenović, K. (2009). Quantile regression analysis of female earnings in the private and public sectors in Serbia: Some evidence from survey data. Belgrade: Mimeo.

Reva, A. (2012). Gender Inequality in the Labor Market in Serbia (Poverty Reduction and Economic Management Unit, Europe and Central Asia Region Department Policy Research Working Paper No. 6008). Washington, DC: World Bank.

Rokicka, M. & Ruzik, A. (2010). The Gender Pay Gap in Informal Employment in Poland (CASE Network Studies and Analyses No. 406). Warsaw: Center for Social and Economic Research. Retrieved March 30, 2012. from http://www.caseresearch.eu/sites/default/files/publications/30664403_CNSA_406_0.pdf




DOI: https://doi.org/10.22190/FUEO1702155D

Refbacks

  • There are currently no refbacks.


© University of Niš, Serbia
Creative Commons License CC BY-NC-ND
ISSN 0354-4699 (Print)
ISSN 2406-050X (Online)