Assessing the Equalizing Force of Mobility Using Short Panels: France, 1990-2000
In this paper, we document whether and how much the equalizing force of earnings mobility has changed in France in the 1990's. For this purpose, we use a representative three-year panel, the French Labour Force Survey. We develop a model of earnings dynamics that combines a flexible specification of marginal earnings distributions (to fit the large cross-sectional dimension of the data) with a tight parametric representation of the dynamics (adapted to the short time-series dimension). Log earnings are modelled as the sum of a deterministic component, an individual fixed effect and a transitory component which is assumed first-order Markov. The transition probability of the transitory component is modelled as a one-parameter Plackett copula. We estimate this model using a sequential expectation-maximization algorithm. Copyright © 2009 The Review of Economic Studies Limited.
Year of publication: |
2009
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Authors: | BONHOMME, STÉPHANE ; ROBIN, JEAN-MARC |
Published in: |
Review of Economic Studies. - Wiley Blackwell, ISSN 0034-6527. - Vol. 76.2009, 1, p. 63-92
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Publisher: |
Wiley Blackwell |
Saved in:
Saved in favorites
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