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This paper studies the role of worker learning in a labor market where workers have incomplete information about the quality of their employment match. The amount of information about the quality of a new match depends on a worker’s past job experience. Allowing workers to learn from...
Persistent link: https://www.econbiz.de/10011798979
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 …
Persistent link: https://www.econbiz.de/10003936729
transition was associated with a persistent decrease in the dispersion of real earnings and cyclical movements in higher …-order moments of the distribution of earnings innovations. To understand this transition at the micro level, we estimate processes …
Persistent link: https://www.econbiz.de/10012592395
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
modified likelihood function for estimation and inference in a fixed-T context. Using a newly developed bias …-corrected likelihood approach makes it possible to reduce the estimation bias to a term of order 1 over T squared. The small sample …
Persistent link: https://www.econbiz.de/10014221823
wage gained influence. This transition was associated with a persistent decrease in earnings dispersion and cyclical …
Persistent link: https://www.econbiz.de/10014306240
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