Blau, Francine D. (contributor); … - 2006
does not find much evidence of them (Farber 2005).
5
(1) Y
it
= X
it
B
t
+ σ
t
θ
it
,
where Y
it
is the log of … wages; X
it
is a vector of explanatory variables; B
t
is a vector of
coefficients;
θ
it
is a standardized residual (i … and Juhn, Muphy and Pierce 1991):
(2) Observed X's Effect = (ΔX
1
-ΔX
0
)B
1
(3) Observed Prices Effect = ΔX
0
(B …