International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

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A Critical Analysis and Understanding of Wage Differentials Between Public and Private Sector

Author(s) SWATI.V
Country India
Abstract The study explores the intricate relationship between wage differentials and the diversity of occupations and industries within a country's economic landscape. The premise is that specific jobs, each requiring distinct skills, are remunerated differently, whether within the same industry or across diverse sectors.
Economists acknowledge that individual wages are influenced by a complex interplay of employee and employer characteristics, yet the precise magnitude and dynamics of these effects remain elusive. This knowledge gap arises from the scarcity of microdata linking individuals to their respective workplaces
and the inherent challenges in disentangling the contributions of employees and employers to wage differentials.
To bridge this gap, the paper leverages microdata obtained from the Occupational Employment Statistics program at the Bureau of Labor Statistics, providing a comprehensive dataset encompassing over half a million establishments across all economic sectors. This dataset includes wage information for more than 34 million individuals engaged in over 800 distinct occupations. The aim of the study is to conduct a comparative analysis of existing wage differentials between the public and private sectors.
Published In Volume 5, Issue 6, November-December 2023
Published On 2023-11-27
Cite This A Critical Analysis and Understanding of Wage Differentials Between Public and Private Sector - SWATI.V - IJFMR Volume 5, Issue 6, November-December 2023. DOI 10.36948/ijfmr.2023.v05i06.9562
DOI https://doi.org/10.36948/ijfmr.2023.v05i06.9562
Short DOI https://doi.org/gs63sk
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