Structural models of the wage curve estimated by panel data and cross-section regressions
Gerba, E., Pikoulakis, E. V. & Wisniewski, T. P.
(2014).
Structural models of the wage curve estimated by panel data and cross-section regressions.
(MPRA paper 53975).
Munich Personal RePEc Archive (MPRA).
Introducing equilibrium unemployment to the solution of the intertemporal allocation of non-leisure time, we derive two wage-setting models which we estimate by panel data and cross-section regressions applied on aggregative data. The results support the empirical relation known as the wage-curve, thus enriching and strengthening the microfoundations of that relation.
| Item Type | Working paper |
|---|---|
| Copyright holders | © 2014 The Authors |
| Departments | LSE > Academic Departments > European Institute |
| Date Deposited | 04 Apr 2014 |
| URI | https://researchonline.lse.ac.uk/id/eprint/56395 |
Explore Further
- E22 - Capital; Investment (including Inventories); Capacity
- E23 - Production
- E24 - Macroeconomics: Employment; Unemployment; Wages; Intergenerational Income Distribution (includes wage indexation)
- http://mpra.ub.uni-muenchen.de/53975/ (Publisher)
- http://mpra.ub.uni-muenchen.de/ (Official URL)