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standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is … proposed. The expression for a modified likelihood function is obtained for estimation and inference in a fixed-T context …. Using a bias-corrected likelihood approach makes it possible to reduce the estimation bias to a term of order 1/Tᄇ. The …
Persistent link: https://www.econbiz.de/10013148328
, and the penalty is most negative among the lowest (conditional) wages. On the other hand, women in Britain experience … lower wages, but the most significant results are found for British workers emigrating from non-English speaking countries …
Persistent link: https://www.econbiz.de/10013136720
This paper compares trends in wage inequality in the U.S. and Germany using an approach developed by MaCurdy and Mroz (1995) to separate age, time, and cohort effects. Between 1979 and 2004, wage inequality increased strongly in both the U.S. and Germany but there were various country specific...
Persistent link: https://www.econbiz.de/10013146175
This paper examines how human capital based approaches explain the distribution of earnings. It assesses traditional, quasi-experimental, and new micro-based structural models, the latter of which gets at population heterogeneity by estimating individual-specific earnings function parameters....
Persistent link: https://www.econbiz.de/10012948660
general equilibrium model. Empirical estimation, of the model's key parameters show that the rising management premium is …
Persistent link: https://www.econbiz.de/10013324993
the distribution of hourly wages and household income. Wage inequality, measured by the ratio of wages in the 90th and 10 …. For young workers, aged under 25, the effects were far greater, with a 24 percent reduction in the ratio of wages in the …
Persistent link: https://www.econbiz.de/10012843157
decile, and in particular increases in the U.S. at higher deciles. Minimum wages in the U.S. appear to compress earnings at …
Persistent link: https://www.econbiz.de/10012779106
We use British household panel data to explore the wage returns to training incidence and intensity (duration) for 6924 employees. We find these returns differ greatly depending on the nature of the training (general or specific); who funds the training (employee or employer); and the skill...
Persistent link: https://www.econbiz.de/10013317456
inequality between couples. Contrary to previous estimates, we account for possible biases in the estimation of assortative …
Persistent link: https://www.econbiz.de/10012945228
We construct a multi-country employer-employee data to examine the consequences of employment protection. We identify the effects by comparing worker exit rates between units of the same firm that operate in two countries that have different seniority rules. The results show that...
Persistent link: https://www.econbiz.de/10013001331