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This paper proposes an econometric methodology to deal with life cycle earnings and mobility among discrete earnings classes. First, we use panel data on male log earnings to estimate an earnings function with permanent and serially correlated transitory components due to both measured and...
Persistent link: https://www.econbiz.de/10012478979
The idea that wages rise relative to alternatives as job seniority accumulates is the foundation of the theory of … tenures typically earn higher wages tends to support these views, yet this evidence ignores the decisions that have brought … individuals to the combination of wages, job tenure, and experience that are observed in survey data. Allowing for sources of bias …
Persistent link: https://www.econbiz.de/10012475741
job changing and the evolution of wages for up to 15 years. Following an initial period of weak attachment to both the … accounts for about two-thirds of the total number of jobs he will hold in his career. The evolution of wages plays a key role …
Persistent link: https://www.econbiz.de/10012476415