As our measure of outside wages we use (the log of) the full time male non-manual hourly earnings.15 To construct the lagged five-year average wage for each school we use the average of outside wages from t-5 to t-1 for all LAs that fall into the TTWA of the school. The five...
using a five-grade scale. Hence, I have a map of respondents’ skills at my disposal. Although these skills are likely to be affected by the abilities and motivation of the respondents, and may suffer from misreporting as the assessments are subjective, they may affect FLS and thus it is ...