A Meta-analysis Approach for Estimating Salary Mean and Its Confidence Interval

• Type: Chapter or Part of a Book
• Date: 2022

Authors

Ferreira, F (Author) Other; Soares, J (Author) Other; Fernanda Campos de Sousa (Author) FEUP; Magalhães, F. (Author) FEUP; Isabel Martins Ribeiro (Author) FEUP; Pinto, D (Author) Other; Pacheco, P (Author) Other

Book

Title: COMPUTATIONAL SCIENCE AND ITS APPLICATIONS, ICCSA 2022 WORKSHOPS, PT I

Pages: 627-639

ISBN: 978-3-031-10536-4; 978-3-031-10535-7

Indexing

ISI Web of Knowledge - 0 Citations

Scopus - 627 Citations

Other information

Authenticus ID: P-00X-9DA

DOI: 10.1007/978-3-031-10536-4_41

Abstract (EN): A meta-analysis is the statistical pooling of the summary statistics from several selected studies to estimate the outcome of interest. A job's salary estimate is important information for both job applicants and companies, that is reported on different websites. By combining data from different sources a mean estimate more representative of the target population can be obtained, especially when the data has high variability and dependence on different factors, as in the salary case. However, data are not reported in each source by the same statistics values. Sometimes, the data are summarized by reporting the sample median and one or both of (i) the minimum and maximum values and (ii) the first and third quartiles. Additionally, the sample size is not always reported. In this paper, we aim to provide a step-by-step process to estimate the salary mean and its confidence interval by combining the data from different sources. We illustrate the process with an example dataset of seven job titles. The performance of two different alternatives to estimate the sample mean is evaluated, and the variation in the outcomes between websites is discussed. A high range of other quantitative data could benefit from the proposed process to obtain an estimate representative of the target population.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 13