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labor market comparative advantage and segmentation in the participation and earnings performance of workers in formal and … earnings of formal salaried workers and the self-employed are found, once accounted for positive selection bias into formal … employment carries significant earnings penalties, alongside negative selection bias and modest positive sorting. These results …
Persistent link: https://www.econbiz.de/10010271241
We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we...
Persistent link: https://www.econbiz.de/10010283993