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/T². The …

This paper investigates the effects of legal minimum wages on wages, employment, hours worked and monthly earnings … Costa Rica. This country?s large uncovered sector and complex minimum wage policy, which has for decades set numerous wages … minimum wages. We find that legal minimum wages have a significant positive effect on the wages of workers in the covered …

United States, by constructing nonparametric bounds for the average and quantile treatment effects of the program on wages …. Our preferred estimates point toward convincing evidence of positive effects of JC on wages both at the mean and …. Furthermore, we find that the program's effect on wages varies across quantiles and groups. Blacks likely experience larger …

headache on labor force participation, hours worked, and wages. We find that migraine headache is associated with a decrease in … wages. However, there is little evidence that migraine headache leads to reductions in labor force participation or hours … worked. We conclude that estimates of the cost of migraine headache to society should include its impact on wages. …

Differences in wages, employment, and capital between worker-owned and capitalist enterprises are computed from a …. Co-op wages are about 14 percent lower on average and they are more volatile (and employment less volatile) than those in …