Structural Models of the Wage Curve Estimated by Panel Data and Cross-Section Regressions

Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the wage-curve, thus enriching and strengthening the microfoundations of that relation.

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Year of publication:	2014-02-26
Authors:	Gerba, Eddie ; Pikoulakis, Emmanuel ; Wisniewski, Tomasz Piotr
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Wage Curve \| Intertemporal Allocation \| Two-Sector Model

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; J2 - Time Allocation; Work Behavior; Employment Determination and Creation ; J22 - Time Allocation and Labor Supply ; J31 - Wage Level and Structure; Wage Differentials by Skill, Training, Occupation, etc
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011111976