Addison, John T. (contributor); … - 2006
idiosyncratic error, or disturbance, term, with E(u
t
|X
t
, c) = 0. For convenience, further
assume that X
it
contains both time … country-specific labor market institutions,
X
itj
, j=1, 2,…, k; i=1,2,…, N ; and t=1, 2, …, T.
Within this panel data … empirical model
11
itiitit
ucXy ++= β , (1)
where X
it
includes all the relevant labor market …