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 …

, 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 …

rationalize this by assuming that idiosyncratic non-pecuniary conditions interact with money wages in workers' decisions to work …

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 …

general equilibrium model. Empirical estimation, of the model's key parameters show that the rising management premium is …

short-run wages, but fared significantly better in the longer run. Second, we compare labor market outcomes of subsidized … wages of workers would not have differed significantly, if they had been hired in another industry instead. However, we find … significant differences in short-term wages, employment and tenure outcomes across industries. Finally, from a fiscal point of …

This study compares the determinants of productivity and wages at both firm and worker level. In the firm …