Income Unfairness and Occupational Choice

Furukawa, Yosuke (2016): Income Unfairness and Occupational Choice.

Abstract

In this paper, we reassessed labor-market adjustment by using an indicator of occupational income unfairness (OIU) which shows whether workers are paid equal to what is warranted by their effort. Although an empirically derived unfairness indicator does not necessarily reflect workers' perceived unfairness, OIU in some occupations indicates the existence of a labor-market adjustment mechanism. However, unfairness remains in some occupations, perhaps because it is caused by structural development problems.

• Item Type: MPRA Paper
• Language: English
• Keywords: Income Inequality; Unfair Inequality; Occupational Choice
• Subjects: D - Microeconomics > D6 - Welfare Economics > D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement; J - Labor and Demographic Economics > J2 - Demand and Supply of Labor > J24 - Human Capital ; Skills ; Occupational Choice ; Labor Productivity; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J31 - Wage Level and Structure ; Wage Differentials

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