摘要：Wage disparity that exists between genders, sectors, and geographical regions, can influence household portfolio management. This study examines the impact of wage disparity and inter-occupation differences on Czech household portfolios. The model of portfolio choice was estimated using the Heckman selection model complemented by wage disparity analysis. Results show no significant differences in financial portfolios between blue-collar workers, including farm households and employees in agricultural sector, and white- collar workers. There was high heterogeneity within the group of blue-collar workers, and wage disparity among employment sectors. Employees in the agricultural sector were categorised as having a below average salary and characterised by a lower probability of utilising long-term saving products, loans and making a smaller contribution to short term saving products. Agricultural workers and farm household were a highly heterogeneous group. Finally a significant regional wage disparity in the Czech agriculture sector was observed. The research was supported by the Ministry of Education, Youth and Sports of the Czech Republic (Grant No. MSM 6046070906).
关键词：Wage disparity;Occupation specifics;Portfolio choice;Heckman selection model
