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Analysis of the Impact of Educational Attainment on Nominal Wages and Wage Growth Rates

2024· article· en· W4404867375 on OpenAlexaff

Bibliographic record

VenueAdvances in Economics Management and Political Sciences · 2024
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicLabor market dynamics and wage inequality
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsEconomicsWage growthWageEducational attainmentLabour economicsDemographic economicsEconomic growth

Abstract

fetched live from OpenAlex

This study explores the impact of educational attainment on nominal wages and wage growth rates, focusing on whether education reduces or exacerbates wage inequality. As globalization and technological advancements reshape the labor market, understanding these dynamics is crucial for identifying and supporting disadvantaged groups to mitigate economic instability. Utilizing data from the U.S. Department of Labor, this research employs box plots and log-difference analysis to examine wage distribution and convergence among different educational groups. This research indicates that wage disparities are more significant among individuals with higher levels of education, whereas wages tend to be more consistent within groups of those with less education. Additionally, wage growth shows greater volatility and disparities are more pronounced among those with less education, whereas those with higher education generally experience more stable, incremental salary increases. In addition, the wage gap between highly educated and less educated individuals is also becoming increasingly pronounced. These results suggest that targeted policies are needed to address wage disparities and support disadvantaged groups, particularly those with lower educational levels who may be more vulnerable to the economic shifts brought about by globalization and technological advancements.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.013
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.012
Threshold uncertainty score0.024

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0020.013
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.002
Science and technology studies0.0000.000
Scholarly communication0.0010.000
Open science0.0000.001
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0040.001

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.014
GPT teacher head0.298
Teacher spread0.284 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes1
Has abstractyes

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