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Mincerian models typically explain no more than 30% of salary variation across workers (Heckman et al., 2003, Mortensen, 2005).
Consequently, empirical approaches (based on human capital and search and matching theories) explain only a limited amount of the observed salary variation (Mortensen, 2005).
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Despite this, there is a huge salaries variation in the public sector, since it depends on the local policies and career plans from the municipalities, and in our research, 82.4% of OHTs perceived less than the mean income of the personnel without higher education in public sector [ 18].
Most importantly, my resume design did not generate meaningful variation in salary requirement as each resume pair was randomly assigned salary requirements that were almost identical to ensure uniformity.
An additional complication is the wide variation in salary and conditions between grants from regional governments, universities and even from different Ministries.
Moreover, if there are no major variations in salary perceptions, and given an equal workload, the compatibility between job and the rest of social life improves PQL perception.
The correlation suggests that about 47% of the variation in teacher salary (at the state level) can be explained by advanced degree attainment (again at the state level), which suggests states with higher teacher salaries have a populace with a greater level of advanced degree attainment.
We realize that other factors, such as years of service and level of education, may impact teacher salary; however, we anticipated the variations in teacher salary due to these other factors would be consistent across states.
To figure out how far yearly income will go, we measured cities' variations in starting salary using data from New York-based Mercer Human Resource Consulting and adjusted it for cost of living with our own Forbes index; the idea being that the more greenhorn grads a city can attract with a decent salary to cost of living ratio, the more likely they'll stay and develop in that area.
Sensitivity analyses were performed for variations in staff salary, number of women attending sessions and time spent going to the pool.
This ranged considerably by country due to the differences in lost working hours and the wide variation in average salaries; with lifetime losses in China calculated at being the lowest at $678 and Turkey the highest at $20,805 [Table 8].
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