Showing 1 - 10 of 103
This paper introduces bias-corrected estimators for nonlinear panel data models with both time invariant and time …/selection bias. We then estimate the primary equation by fixed effects including an appropriately constructed control function from … both steps might employ nonlinear fixed effects procedures it is necessary to bias adjust the estimates due to the …
Persistent link: https://www.econbiz.de/10003540299
This paper provides an expression for the bias of the OLS estimator of the schooling coefficient in a simple static … coefficient is biased upward, and the bias is increasing with potential labor-market experience and the degree of earnings … persistence. In addition, NLSY data are used to show that the magnitude of the persistence bias is non-negligible, and the bias …
Persistent link: https://www.econbiz.de/10009699444
This paper provides the first available evidence on overeducation/overskilling based on AlmaLaurea data. We focus on jobs held 5 years after graduation by pre-reform graduates in 2005. Overeducation/overskilling are relatively high - at 11.4 and 8% - when compared to EU economies. Ceteris...
Persistent link: https://www.econbiz.de/10010224590
commonly used static-model estimators of schooling coefficients are subject to an omitted-variable bias which can be named … "persistence bias". …
Persistent link: https://www.econbiz.de/10010350366
the determinants of the least squares bias of the wage return to education. We find that disregarding individual fixed … effects is highly problematic, accounting for 95% of the bias. In contrast, disregarding firm fixed effects has marginal …
Persistent link: https://www.econbiz.de/10010487490
Wage dynamics is closely intertwined with job flows. However, composition effects associated to the different sizes and characteristics of workers entering/ exiting into/from employment that may blur the "true" underlying wage growth, are not typically accounted for. In this paper, we take these...
Persistent link: https://www.econbiz.de/10012388992
Exogenous shocks often impact a local labor market more than at the national level. This study improves upon the standard Difference in Difference (DD) approach by examining exogenous shocks using a Generalized Difference in Difference (GDD) econometric approach that identifies the effects of...
Persistent link: https://www.econbiz.de/10003635285
We develop a new general equilibrium model of trade with heterogeneous firms, variable demand elasticities and endogenously determined wages. Trade integration favors wage convergence, intensifies competition, and forces the least efficient firms to leave the market, thereby affecting aggregate...
Persistent link: https://www.econbiz.de/10003755333
examining the CEO compensation of U.S. public companies that were ever in financial distress between 1992 and 2005. Using a bias … turnover ; financial distress ; lucky grants ; bias-corrected matching estimators …
Persistent link: https://www.econbiz.de/10003779098
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10003896465