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Modelling heterogeneity and dynamics in the volatility of individual wages
Hospido, Laura - 2010
This paper presents a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is proposed. The expression for a modified likelihood...
Persistent link: https://www.econbiz.de/10003936729
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Modelling Heterogeneity and Dynamics in the Volatility of Individual Wages
Hospido, Laura - 2010
This paper presents a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is proposed. The expression for a modified likelihood...
Persistent link: https://www.econbiz.de/10013148328
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Modelling Heterogeneity and Dynamics in the Volatility of Individual Wages
Hospido, Laura - 2007
In this paper I consider a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standarized individual wages. In particular, I propose a dynamic panel data model with individual effects both in the mean and in a conditional ARCH type variance function....
Persistent link: https://www.econbiz.de/10014221823
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Global trends in income inequality and income dynamics : new insights from GRID
Guvenen, Fatih; Pistaferri, Luigi; Violante, Giovanni L. - In: Quantitative economics : QE ; journal of the … 13 (2022) 4, pp. 1321-1360
The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income in- equality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it...
Persistent link: https://www.econbiz.de/10014306231
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Experience and worker flows
Gorry, Aspen - In: Quantitative economics : QE ; journal of the … 7 (2016) 1, pp. 225-255
This paper studies the role of worker learning in a labor market where workers have incomplete information about the … quality of their employment match. The amount of information about the quality of a new match depends on a worker’s past job … experience. Allowing workers to learn from experience generates a decline in job finding probabilities with age that is …
Persistent link: https://www.econbiz.de/10011798979
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High discounts and low fundamental surplus : an equivalence result for unemployment fluctuations
Mitra, Indrajit; Seo, Taeuk; Xu, Yu - 2021
Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they call the "fundamental surplus." However, their analysis ignores risk premia, a force that Hall (2017) shows is important in understanding unemployment fluctuations. We show how...
Persistent link: https://www.econbiz.de/10012649569
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The evolution of the earnings distribution in a volatile economy : evidence from Argentina
Blanco, Andres; Diaz de Astarloa, Bernardo; Drenik, Andres - 2021
This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001-2002 crisis, the Argentine economy transitioned from a low- to a highinflation regime. At the same time, the number of collective bargaining agreements increased, and minimum wage...
Persistent link: https://www.econbiz.de/10012592395
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The evolution of the earnings distribution in a volatile economy : evidence from Argentina
Blanco, Andres; Diaz de Astarloa, Bernardo; Drenik, Andres - In: Quantitative economics : QE ; journal of the … 13 (2022) 4, pp. 1361-1403
This paper studies earnings inequality and dynamics in Argentina between 1996 and 2015. Following the 2001–2002 crisis, the Argentine economy transitioned from a low‐ to a high‐inflation regime, while collective bargaining and the minimum wage gained influence. This transition was...
Persistent link: https://www.econbiz.de/10014306240
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The relevance of post-match LTC : why has the Spanish labor market become as volatile as the US one?
Sala, Hector (contributor); Silva, José Ignacio (contributor) - 2005
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …. The scenario with a low degree of workers' heterogeneity illustrates its suitability to understand why the Spanish labor …
Persistent link: https://www.econbiz.de/10003158646
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The Relevance of Post-Match Ltc : Why Has the Spanish Labor Market Become as Volatile as the Us One?
Sala, Hector; Silva, José I. - 2021
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the …. The scenario with a low degree of workers' heterogeneity illustrates its suitability to understand why the Spanish labor …
Persistent link: https://www.econbiz.de/10013318172