Luttens, Roland Iwan (contributor); Ooghe, Erwin (contributor) - 2006
, while carefully paying attention to the calibration of the compensation (hourly wages)
and responsibility (taste for working …(y)
³
y
s
´1
ε
,withh(y)=1−τ
0
97
(y)−
b
s
.
Second, since we could only observe gross yearly wages s (resp. net yearly … observe wages s for those who worked and benefits b for those who were (permanently
or temporarily) unemployed. The variables …