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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
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
This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001-2002 crisis, the Argentine economy transitioned from a low- to a highinflation regime. At the same time, the number of collective bargaining agreements increased, and minimum wage...
Persistent link: https://www.econbiz.de/10012592395
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
This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001–2002 crisis, the Argentine economy transitioned from a low‐ to a high‐inflation regime, while collective bargaining and the minimum wage gained influence. This transition was...
Persistent link: https://www.econbiz.de/10014306240
Persistent link: https://www.econbiz.de/10011950705
Persistent link: https://www.econbiz.de/10012433818
Using data from the German Socio Economic Panel (SOEP) for the years 1984 to 2007, this paper analyses the amount, the development and the explanations of wage mobility, as well as volatility in West Germany, measured by ranks in the wage distribution. Individual wage mobility decreased between...
Persistent link: https://www.econbiz.de/10003875240
Between 1980 and the early 1990s the variability of labor earnings growth rates across the prime-age working population fell significantly. This decline and timing are consistent with other macro and micro observations about earnings growth volatility that are collectively referred to as the...
Persistent link: https://www.econbiz.de/10012722395
Deploying data from the German Socio-Economic Panel (GSOEP) we analyze the variability of individual earnings and equivalent household income. Permanent and transitory variances of male income over the period 1984-2008 are estimated for Old German Laender in order to determine their importance...
Persistent link: https://www.econbiz.de/10008664565