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 V. ; Wisniewski, Tomasz Piotr
Institutions:	London School of Economics (LSE)
Subject:	wage curve \| intertemporal allocation \| two-sector model

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Extent:	application/pdf
Series:	LSE Research Online Documents on Economics.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series MPRA paper, 53975 16 pages
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E23 - Production ; E24 - Employment; Unemployment; Wages
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10011126124