Project

General

Profile

Support #717

Deriving hourly wage variable

Added by nia kennedy about 7 years ago. Updated about 7 years ago.

Status:
Closed
Priority:
Urgent
Assignee:
nia kennedy
Category:
Data analysis
Start date:
02/07/2017
% Done:

100%

Description

I am currently writing my dissertation on the Impact of Obesity on Wages in the UK Labour Market using Waves 2 and 3.

I would like my dependent variable to be an individual's hourly wage and I was wondering if you had any additional data on hourly wages or a way to derive this variable using other variables in the dataset.

I am currently using total monthly labour income gross (x_fimnlabgrs_dv) but it would really help my analysis if I could derive an hourly wage variable or if you could recommend another pay/wage variable to use.

I was wondering whether it'd be possible to divide total monthly labour income gross (b_fimnlabgrs_dv) by 4.348(average number of weeks in a month) and job hours to create an average hourly wage variable but thought this may be a bit of an ad hoc way.

#1

Updated by Victoria Nolan about 7 years ago

  • Status changed from New to Feedback
  • Assignee changed from Alita Nandi to nia kennedy
  • % Done changed from 0 to 80
  • Private changed from Yes to No

Dear Nia,

Unfdortunately we do not provide that conversion with our data, but there should be plenty of online resources available that provide formulae to convert wages using typical hours worked.

Best wishes, Victoria.

#2

Updated by Victoria Nolan about 7 years ago

  • Status changed from Feedback to Closed
  • % Done changed from 80 to 100

Also available in: Atom PDF