A Multivariate Statistical Approach to Compare Fringe Benefits Between Public and Private Sector Workers
<p class="Normal1" style="text-align: justify; line-height: normal; text-indent: 0in; margin: 0in 0.5in 0pt;"><span style="font-family: "Times New Roman","serif"; color: black; font-size: 10pt;">This study relies on multivariate statistical analysis applied to the Health and Retirement Study (1992-2002) to approach the issue of public/private compensation differences. Particularly, principal components are used to uncover the internal structure of relationships among demographic variables, while multiple correspondence<span style="mso-spacerun: yes;"> </span>analysis is used to describe and compare wages and fringe benefits between the two sectors. Results indicate the public sector compensates more its workers, not only by offering higher wages but also better </span><span style="font-family: "Times New Roman","serif"; font-size: 10pt;">non-wage monetary benefits.</span></p>