In this paper, we argue that wage volatility is a good proxy for wage inequality because of the strong and lagged …

standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is … proposed. The expression for a modified likelihood function is obtained for estimation and inference in a fixed-T context …. Using a bias-corrected likelihood approach makes it possible to reduce the estimation bias to a term of order 1/T². The …

This article provides a comprehensive analysis of labor earnings volatility in Brazil between 2012 and 2023. During … changes in volatility over the business cycle. In addition, Brazil's national household survey follows individuals throughout … earnings volatility in developing countries, a subject that has been mostly investigated in the context of advanced economies …