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This article compares Canada and the United States in terms of the evolution of the relative wages of production and non-production workers in the manufacturing sector. The results show that the wage ratio is affected by similar economic globalisation variables in each country. Other than...
Persistent link: https://www.econbiz.de/10010820088
Most models of income dynamics are set in a discrete-time framework with an arbitrarily chosen accounting period. This article introduces a continuous-time stochastic model of income flows, without the need to define an accounting period. Our model can be estimated using unbalanced panel data...
Persistent link: https://www.econbiz.de/10010820092
Most models of income dynamics are set in a discrete-time framework with an arbitrarily chosen accounting period. This article introduces a continuous-time stochastic model of income flows, without the need to define an accounting period. Our model can be estimated using unbalanced panel data...
Persistent link: https://www.econbiz.de/10011277825